Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement  |  Technology  |  LTE
Corporate
Cisco cuts another hundreds of jobs at HQ
TT Bureau |  |  18 Jul 2009

Cisco Systems set about another round of lay offs under the company’s plan of trimming its costs as plunging sales continue to make ripples, reported The Wall Street Journal.

 

The San Jose-based company pink slipped about 600 to 700 people at its headquarter.

 

“We are doing everything possible to minimize the impact on employees affected by the limited restructuring,” said a Cisco spokesman.

 

Separately, it also sacked employees in branch offices across US; however the total number of job cuts still remains unclear.

 

Earlier in February, Cisco Chief Executive John Chambers said it would cut between 1,500 and 2,000 positions over the remainder of its fiscal year, i.e. the end of July, while it made hundreds of cuts in the same month.

                                                                               

Cisco, which had 66,558 employees at April end, reported consecutive quarters of declining sales.

    
 mail this article    print this article    Show and Post comment
18 Jul 2009(IST)  
Whitepaper
Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more
Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more
Cisco Small Cell Solution: Reduce Costs, Improve Coverage
It is designed to address the challenge of mobile service coverage and to expand network capacity...read more