Everybody out here in central NC is on pins and needles about this. Cisco is one of the big-dog employers in Research Triangle Park between Durham and Raleigh, and the word’s floating around that job losses here will be huge (well into four digits). This high-tech and biotech-heavy area has been hit less hard by the Great Recession than many others, but that may be about to change.
}:-)4
Cisco deserves every bad thing that happens to it. No company in the IT world has done more to screw their customers over. I don’t feel sorry for them in the least.<P)
Cisco’s loss will be HP’s gain.
How credible/valid is this rumor?
“and the word’s floating around that job losses here will be huge (well into four digits).”
One speculative ‘guess’ made based on news stories (Bloomburg) floating and number of people working in triangle was 14% of 4000 people cut or ~560.
Is the triangle likely to be hit harder then other Cisco sites?
I live in the Triad area. Know a lot of people in the Triangle area in technology jobs - as our business is related. Lot of worried folks over the CISCO cuts.