Seems, economic uncertainties are taking toll on employee’s job security. It is found, tough economic climate is forcing various companies to reduce their workforce to fight recession, drop in demand and cost cutting. Latest in the list is Cisco Systems, which is preparing to lay off about 1,300 employees. 

It is reportedly said that the latest layoff represents about 2 percent of Cisco System's payroll of 65,000 workers. 

Insiders informed, Cisco has recently announced that growing economic uncertainty is making it tougher to close sales with its customers and now it has announced the layoff. 

Market experts added, Cisco is adopting certain unpredictable measures as it is struggling to revive growth. Insiders revealed that the company’s shares fell down after the world's largest networking equipment maker projected nearly flat sales growth this quarter.

As a matter of concern, it is found, the Networking Giant, Cisco Systems Inc had shed about 6,500 jobs, or 9% of its workforce in July 2011, in a bid adieu to hold the losing track. 

Now, it has to be seen how the Networking Giant, Cisco revamps its frail state.

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