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Friday, May 11, 2001 | return to: national
Beleaguered Cisco Israel lays off 100 in Herzliya
by JERUSALEM (JPS) -- After firing thousands of workers worldwide, and amid confusing reports and rumors in this country, troubled, The affected employees come from two divisions acquired by Cisco Israel last year: HyNex and Infogear. Of the professionals orig
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"Moreover, we have hired an outplacement firm to help everyone find new jobs, and each individual will be allowed to keep his or her Cisco Israel e-mail addresses."
Cisco estimates that the cost will come to $37,500 per worker, or $3.75 million overall.
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