• This Wednesday, May 9, 2012, file photo, shows an exterior view of Cisco Systems Inc. headquarters in Santa Clara, Calif. Cisco Systems Inc. reported Wednesday, Aug. 17, 2016, that it will lay off 5,500 employees as the internet gear maker scrambles to adapt to technology changes that have reduced demand for its main products. (AP Photo/Paul Sakuma, File)

    Cisco laying off 5,500 employees, or 7 percent of workforce

    SAN FRANCISCO (AP) — In a story Aug. 17 about Cisco Systems laying off 5,500 workers, The Associated Press reported erroneously that Apple went bankrupt in the 1990s. The story should have said Apple nearly went bankrupt during that time period.