Cisco May Cut 2,000 Jobs. But That’s Not A Layoff.

Cisco CEO John Chambers, said that the company could reduce its work force by 1,500 to 2,000 people

But he’s not considering a layoff, he said. A companywide layoff, by his definition, would constitute 10% of the work force, or 6,700 of the company’s worldwide workforce of 67,000 employees.