Cisco CEO: Will hire nearly 100 Israelis in coming year

John Chambers, CEO of technology giant Cisco, met with Finance Minister Yair Lapid and said that the company plans to open a development center dealing with information technology in Israel.

According to Chambers, they plan to hire nearly 100 Israeli employees, who will join the 2,000 Israelis the organization currently employs, over the next 12 months. (Billy Frenkel)