Cisco lays off nearly 20% of its work force
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@scottalanmiller said in Cisco lays off nearly 20% of its work force:
@MattSpeller said in Cisco lays off nearly 20% of its work force:
20% of Cisco's employees!
You could make one hell of a company with just them alone.
Except, it's all people that even Cisco didn't want. And I've met the people that they keep.
https://en.wikipedia.org/wiki/List_of_burn_centers_in_the_United_States
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@MattSpeller said in Cisco lays off nearly 20% of its work force:
@scottalanmiller said in Cisco lays off nearly 20% of its work force:
@MattSpeller said in Cisco lays off nearly 20% of its work force:
20% of Cisco's employees!
You could make one hell of a company with just them alone.
Except, it's all people that even Cisco didn't want. And I've met the people that they keep.
https://en.wikipedia.org/wiki/List_of_burn_centers_in_the_United_States
LMAO
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Well, it's been announced and it's 7%... Still going to leave a mark.
http://www.itnews.com.au/news/cisco-to-cut-about-5500-jobs-434097?Cisco Systems will cut "up to 5500" employees worldwide under a widely-tipped restructure announced today.
The cuts represent nearly seven percent of the company's workforce and come as the world's largest networking gear maker struggles with sluggish demand for its main switching and routing business.
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@nadnerB said in Cisco lays off nearly 20% of its work force:
Well, it's been announced and it's 7%... Still going to leave a mark.
http://www.itnews.com.au/news/cisco-to-cut-about-5500-jobs-434097?Cisco Systems will cut "up to 5500" employees worldwide under a widely-tipped restructure announced today.
The cuts represent nearly seven percent of the company's workforce and come as the world's largest networking gear maker struggles with sluggish demand for its main switching and routing business.
The number announced and the number that there actually is are rarely the same. Layoffs outside of the US don't necessarily need to be disclosed, or layoff of outsourced staff, for example.
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Even 7% is significant. You don't do that casually, that hits the news like a ton of bricks. Your customers see that as you having problems. Not an image anyone wants to project.
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@StrongBad said in Cisco lays off nearly 20% of its work force:
Even 7% is significant. You don't do that casually, that hits the news like a ton of bricks. Your customers see that as you having problems. Not an image anyone wants to project.
Maybe customers don't like it, but Wall Street certainly often seems to.
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@Dashrender said in Cisco lays off nearly 20% of its work force:
@StrongBad said in Cisco lays off nearly 20% of its work force:
Even 7% is significant. You don't do that casually, that hits the news like a ton of bricks. Your customers see that as you having problems. Not an image anyone wants to project.
Maybe customers don't like it, but Wall Street certainly often seems to.
That's because Wall St. makes the most money from companies in flux, not those succeeding. Wall St. is about momentary gains, not long term survival. What's good for Wall St. isn't good for the company itself.
