How many employees may be fired by Cisco layoffs?
The news is that around 2000-3000 employees will be asked to leave their jobs at Cisco.
How many employees does Cisco have?
The total no. of employees at Cisco is around 67000 as of now.
Any news of previous layoffs by the company
No details available about any previous layoff news.
Any plants or locations being closed by Cisco?
No, the focus is more on cost cutting from spendings like cutting the travel budget and other expenses.
Which locations will be affected by the Cisco Layoffs?
No confirm news about where these layoffs will happen as Cisco is a global company. However, it is learnt that most layoffs will occur in the U.S. operations.
Which segment of employees will be affected by the Cisco layoffs
Though exact details are not available, it is learnt that there will be cost cutting in each functional area of Cisco.
How much savings can be made by Cisco Layoffs?
Company hopes to manage the downturn by cutting costs, such as reducing travel, as it shrinks expenses by $1 billion
When will the Cisco layoffs happen
No confirm dates are available for the Cisco layoffs.
Any severance package for the affected employees?
No info available.
What are the primary reasons of Cisco Layoffs
The layoffs, along with other cost cutting measures, are in response to continuing uncertainty in the market.
Any other news about Cisco?
As per Mercury News, The chairman also said Cisco was maintaining its long-term annual revenue growth target of 12 to 17 percent, assuming the global economy returns to a normal growth rate.
"We believe our vision, strategy and execution are in great shape," he said.
Cisco, known for its switches and routers that funnel rivers of data across the Internet, is moving into other areas, including video conferencing, cable television boxes and e-mail software.
Chambers noted that the company, which has acquired about three dozen companies in the past four years and has more than $29 billion in cash, is poised to snatch up good deals to expand its product line, particularly in consumer areas.
Let's hope that alternative jobs are available to the affected employees of Cisco Layoffs Job Cut
2 comments:
Yes, as President Obama meets with Americans in Indiana, John Chambers prepares for a big company meeting in Bangalore.
No doubt to discuss how many jobs he can move there.
Well Said.. These people are really playing with lives..
When required they will grab the people thru mass recruitment and once used ....... use and throw.....!!
We can understand the global economy.. but lay off need not be the measure for cost reduction.. pay cut of CEO's and higher profiles will save many lives! Hope its been heard by some in that role.
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