Pink slips were flying at Cisco Systems at the end of last year.
The technology giant announced plans to lay off 6,000 workers in August amid a rare slump in sales. While revenue grew every year since 2010, Cisco (CSCO) suffered a revenue decline last year amid weaker demand and currency headwinds.
The job cuts aren't the only change the maker of Internet switches and routers has made. Longtime Cisco CEO John Chambers is stepping down from the top job in July, handing the keys to the $150 billion company to Chuck Robbins.
