Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Cisco Systems to lay off about 14,000 employees: Report
CNBC.com ^ | 8/17/2016 | Reuters

Posted on 08/17/2016 5:01:58 AM PDT by mykroar

Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.

San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization.

Apart from Cisco, two other big software companies, Microsoft Corp and HP Inc, have also announced job cuts this year.

Microsoft said in July that it would lay off about 2,850 jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.

HP Inc said in February it would cut about 3,000 jobs by the end of fiscal 2016.

Cisco, which had more than 70,000 employees as of April 30, declined to comment.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bhoeconomy; business; cisco; ciscolayoffs; computers; economy; hp; layoff; layoffs; msn; stockmarket; techindustry
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-65 next last
More trimmin'.
1 posted on 08/17/2016 5:01:58 AM PDT by mykroar
[ Post Reply | Private Reply | View Replies]

To: mykroar

Yeah, the economy is just roaring along...

Great, isn’t it?

I hope the coming big crash on Wall Street hits soon, well before the election.


2 posted on 08/17/2016 5:11:18 AM PDT by PreciousLiberty (Trump '16! Make America Greater Than Ever!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar
Smaller companies are making inroads into Cisco's business. Here's one- Silicom, Inc. Based in Israel. 45+ Q's of profitability. Never lost a customer. Pays a $1.00 dividend. Just came out with killer earnings. Ticker SILC. Do your DD.

About Silicom Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions. Designed primarily to increase data center efficiency, Silicom’s solutions dramatically improve the performance and availability of networking appliances and other server-based systems.

Silicom’s products are used by a large and growing base of OEM customers, many of whom are market leaders, as performance-boosting solutions for their offerings in the Cyber Security, Network Monitoring and Analytics, Traffic Management, Application Delivery, WAN Optimization, High Frequency Trading and other mission-critical segments within the fast-growing data center, enterprise networking, virtualization, cloud computing and big data markets.

Silicom’s product portfolio includes multi-port 1/10/25/40/100 Gigabit Ethernet server adapters, Intelligent Bypass solutions, Encryption accelerators, Ultra Low Latency solutions, Time Stamping and other innovative Smart adapters. These products are available for incorporation directly into our OEM customers' systems, or provided as part of Silicom’s patented SETAC (Server To Appliance Converter), a unique approach to the provision of high quality standard platforms with modular front connectivity. For more information, please visit: www.silicom.co.il

3 posted on 08/17/2016 5:17:00 AM PDT by petercooper (All the world's problems are caused by the sandrats, hoodrats, gimmedats, democrats and commiecrats.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar
How is hiring all those H1-Bs with IQs of 350 working out for the Tech Giants again?

BTW, one never seems to hear much out of Sun Microsystems these days, either. *cough*

4 posted on 08/17/2016 5:17:52 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: petercooper

Yep—Cisco has a lot of older products that actually relatively employee-intensive demands on their customers compared to what newer and more specialized competitors offer. They are on the defensive.


5 posted on 08/17/2016 5:20:50 AM PDT by 9YearLurker
[ Post Reply | Private Reply | To 3 | View Replies]

To: PreciousLiberty

Saturation, virtualization, and optimization are the greater “culprits” here, if you must find a villain. All infrastructure work is cyclical and driven by demand. IT is not exempt from market swings and corporate decisions.

The notion that companies exist to provide lifelong employment hasn’t been true in my 50+ years. There are still plenty of IT jobs going begging; but neither the jobs, nor the technology, ever remain static. It is a industry predicated on continuing education. Adapt or die.


6 posted on 08/17/2016 5:30:08 AM PDT by antidisestablishment (If those who defend our freedom do not know liberty, none of us will have either.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: mykroar

Cisco - Spanish for “bend over”


7 posted on 08/17/2016 5:34:20 AM PDT by Noumenon (We owe them nothing: not respect, not loyalty, not obedience.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: antidisestablishment
The notion that companies exist to provide lifelong employment hasn’t been true in my 50+ years.

That's a concept that is very, very hard for most people to grasp. But if it were true, then it would mean the re-emergence of serfdom as an economic model.

8 posted on 08/17/2016 5:35:28 AM PDT by Mr Ramsbotham (There ain't no freaking pony, kid. This is what you get.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: mykroar

One year ago, I predicted that my tech sector employer was going to have layoffs. Unfortunately, not only was my prediction correct, but it was a bigger layoff than I was expecting—it ended up being 12%.
I found a new job about six weeks before the layoffs started. I got out of the industry because I figured the industry was headed for a shakeup. I also got out of California because, well, it’s California.
Still no regrets.


9 posted on 08/17/2016 5:35:34 AM PDT by JeffChrz (2016--time for the rest of the country to stop being stupid.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mykroar
Tell us again, Obama.....the economy is just dandy.
10 posted on 08/17/2016 5:38:52 AM PDT by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: petercooper

A Crummy Commercial..HEH HEH Drink your Ovaltine.


11 posted on 08/17/2016 5:39:03 AM PDT by hawg-farmer - FR..October 1998 (VMFA 235 '69-72)
[ Post Reply | Private Reply | To 3 | View Replies]

To: antidisestablishment

I work in IT at a company that does fulfillment and depot repair for Cisco and several other vendors and I just received my 2 weeks notice yesterday. I don’t feel too bad about it, as I started there on a 3 month contract 28 months ago.

The remaining IT staff all bring in curry for lunch and are getting paid about half of what I was. I guess they can hold all their meetings in Hindi now that I won’t be there.


12 posted on 08/17/2016 5:42:18 AM PDT by CarmichaelPatriot
[ Post Reply | Private Reply | To 6 | View Replies]

To: Noumenon

HAHAHAHA/s It is the largest networking company in the world. A CCNA can make 90k without a degree.


13 posted on 08/17/2016 5:42:26 AM PDT by hawg-farmer - FR..October 1998 (VMFA 235 '69-72)
[ Post Reply | Private Reply | To 7 | View Replies]

To: grey_whiskers

Sun Micro simply priced themselves out of the market and out of business. Same with Silicon Graphics. They were great systems, but they were mega expensive and a basic cost benefit analysis pointed straight to the Windows/Intel.


14 posted on 08/17/2016 5:43:51 AM PDT by Ouderkirk (To the left, everything must evidence that this or that strand of leftist theory is true)
[ Post Reply | Private Reply | To 4 | View Replies]

To: mykroar

They are going to hire 10,000 foreign nationals to take their place.


15 posted on 08/17/2016 5:46:43 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ouderkirk

The workstations ate the supercomputers’ lunch, the PC ate the workstations’ lunch, and mobile devices have put on their napkin and are walking down the buffet line...


16 posted on 08/17/2016 5:46:52 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: mykroar

Yet we need 65,000 H-1B visas a year?


17 posted on 08/17/2016 5:47:50 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: antidisestablishment

B.S. It is H1Bs and “off-shore” or what HP calls “best-shore” that is causing American IT workers to lose jobs. I will have nowhere to land because there will be no jobs left for white older American workers and not because I need to adapt!


18 posted on 08/17/2016 5:53:23 AM PDT by snippy_about_it
[ Post Reply | Private Reply | To 6 | View Replies]

To: mykroar
With Obama, and maybe later the Klintons back on the throne, all the jobs in this nation will be gone or illegals will have them. About the only jobs left in this country will be land scape-grass cutter-weed whacker operators. Oh, wait, those are jobs the illegals do now for pennies. The jobs that illegals have hired are taking all those jobs away from any Americans that actually would work. Since about 65% of the country will not work, just wait for free bucks, the illegals take those jobs away from others. This nation is a nation of few top quality jobs. Doctors, lawyers, people like that always are employed. But the jobs for the everyday person are all gone.

When I graduated from high school back in the 1960s, you could actually get a pretty good job with only a high school diploma. But not any more. I had a couple of jobs before I went into the Army. I got paid decent for those days. I think the old required by the government was $1.69 an hour back then, but my first boss hired me for $2.00 an hour!!!! Big buck for an 18 year old. I drove a school bus my senior years in high school. Back in those days, high school seniors drove most school busses. I made a whooping $95.00 per month to drive a bus with 60-70 screaming kids on it every day. I thought I was rich. Back then you thought IF I could get a job making $100 a week, I would be rich!!! That was the way it was back then. In the so called "good ole days!!!"

19 posted on 08/17/2016 5:54:52 AM PDT by RetiredArmy (Read 1 Corinthians 15: verses 1-4. This is the Gospel of Grace, the ONLY WAY TO BE SAVED!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: grey_whiskers

You know what Cisco’s response will be.

Go to Washington and throw some money around in order to get the clowns to pass some new laws and regulations that will cripple their competition.


20 posted on 08/17/2016 5:55:08 AM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-65 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson