Big Rock bought by one of the world’s largest technology companies

Big Rock Ranch, Ariz.

(CBS News) — Big Rock, Ariza.

— Big ROCK Ranch, located on the edge of Phoenix, was bought by the world class tech company Cisco Systems.

Big Rock has about 2,300 acres of land, which is home to more than 10,000 employees and offices.

The deal is expected to close in the second half of 2018, and will be valued at $1.2 billion.

The company also has about 7,000 acres of office space, according to a press release from the Arizona Republic.

Cisco says Big Rock is “a world-class employer with a high standard of customer service, quality products and innovative technologies” that are designed to create “a sustainable, robust and long-term sustainable business.”

Cisco’s Chief Executive Officer Michael Schuett said Big Rock will continue to provide “innovative and advanced technologies” for the company and its customers.

The news comes as Cisco is facing a wave of criticism over its hiring practices.

It’s been a tumultuous few months for Cisco, which recently hired a new CEO and was forced to shutter dozens of businesses in the United States, Canada and Europe after the federal government banned some of its products.

The companies CEO John Chambers resigned last week, but the company’s stock price continued to tumble after his resignation.

Chambers announced last week that Cisco was cutting 700 jobs in its headquarters and headquarters in Arizona, a move that the company said was in response to pressure from Congress.

The cuts will affect nearly 1,000 people at the company, including 200 full-time workers, as well as employees in its research and development labs and IT offices, according the company.

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