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Cisco to add 1,700 jobs, build new Toronto headquarters

Cisco has announced plans to hire 1,700 people in Ontario over the next six years, according to an article that was featured in Bloomberg Technology.
Here's an excerpt from the article:
The jobs are part of a 10-year pact with Ontario to invest $4 billion in the province, including $2.2 billion in salaries, the San Jose, California-based company said in a statement. Cisco already has 1,300 employees in Ontario and may increase that to 5,000 by 2024, Karin Scott, a spokeswoman for Cisco, said in an e-mail.
“We’re sending a message to the world that Ontario is the best place anywhere for business to innovate,” Eric Hoskins, Ontario’s minister for economic development, trade and employment, said in the statement. Ontario will pay as much as $220 million for the initiative.
Additionally, Cisco will build a new Toronto headquarters and job opportunities may increase to 5,000 by 2024. 
Read the full story here.
Original Source: Bloomberg Technology
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