Cisco Systems - a networking tech giant involved in a major job creation deal with Ontario - says it will lay off up to 6,000 of its workers, representing 8% of its workforce.
This is the fourth restructuring in four years for the California-based company and their largest so far.
Cisco signed a deal with the Ontario government last December to create 1,700 jobs across the province, including in Kanata.
The provincial government is pledging $220-million in grants provided the company hits job targets while Cisco has announced plans to invest $4-billion over 10 years.
About 400 people were employed by Cisco in Kanata at the time of the announcement.
Cisco reported quarterly earnings Wednesday of $2.25-billion, down 1%.
With files from the Associated Press