Home Strategy Cisco laying off hundreds of staff: claim
Cisco laying off hundreds of staff: claim Pixabay Featured

Global networking giant Cisco is cutting hundreds of full-time staff, with one employee saying on the Web forum thelayoff.com that his team was told about being sacked by the vice-president of the section.

In an anonymous posting, this employee wrote: "Our entire 200-300 person team received a 1:M invite from our VP to find out everyone was being let go. Figured the news couldn't be too bad since everyone was on the invite, but that changed fast in the first minute of the call.

"Hope this isn't the case for you here... if it is, that LR taught me things I have never forgotten about how little a company really cares for you and how important it is to ALWAYS have your personal financial situation under control (emergency savings & minimal debt as possible).

"Layoffs will always be a part of large organisations - Cisco is no different (even though they seem to love LRs), the best we can do is get ourselves prepared personally to react to it - ironically, this was the most valuable lesson I learned @ Cisco - a lesson that had nothing to do with networking."

iTWire contacted Cisco for comment early this morning, but has yet to hear back from the company.

Another employee claimed the Cisco Certified Internetwork Expert program was being cut back.

"I just heard that the CCIE lab program is being cut back. Cisco is shutting down the labs in RTP and SJC. As of Dec/Jan there will be ONE location in the US to take the CCIE Lab and that’s in Richardson, TX," this employee wrote.

sackings big

A third employee said layoffs were taking place at many places. "SJ BLDG K Floor 2 and 3 were hit. VPN team is gone, WSA team is gone, FTD team in Maryland you know the guys who actually understand the product are gone, someone hit in Phoenix AZ. I was one of those impacted. Every year I have been at Cisco a layoff. Pretty sad. We deserve better."

Another employee speculated that the layoffs had taken place this week so that news of the same would be buried by news about the US mid-term polls.

"For layoffs this scale, I'm surprised there's barely any media coverage. All I could find were two articles that address the issue directly," this employee wrote.

"I'm starting to think the timing of this was intentional to coincide with elections and get buried among what most everybody will consider more important news."

Cisco has about 70,00 staff worldwide. In August, the company reported fiscal 2018 profit of US$100 million, a drop of 99% year-on-year, on revenue of $49 billion, which was an increase of 3%.

Sales for the final quarter sales were up 6% and the big profit drop was due to a US$10 billion tax-related charge.

47 REASONS TO ATTEND YOW! 2018

With 4 keynotes + 33 talks + 10 in-depth workshops from world-class speakers, YOW! is your chance to learn more about the latest software trends, practices and technologies and interact with many of the people who created them.

Speakers this year include Anita Sengupta (Rocket Scientist and Sr. VP Engineering at Hyperloop One), Brendan Gregg (Sr. Performance Architect Netflix), Jessica Kerr (Developer, Speaker, Writer and Lead Engineer at Atomist) and Kent Beck (Author Extreme Programming, Test Driven Development).

YOW! 2018 is a great place to network with the best and brightest software developers in Australia. You’ll be amazed by the great ideas (and perhaps great talent) you’ll take back to the office!

Register now for YOW! Conference

· Sydney 29-30 November
· Brisbane 3-4 December
· Melbourne 6-7 December

Register now for YOW! Workshops

· Sydney 27-28 November
· Melbourne 4-5 December

REGISTER NOW!

LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK

Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.

It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you’ll learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips

DOWNLOAD NOW!

Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the sitecame into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

 

Popular News

 

Telecommunications

 

Sponsored News

 

 

 

 

Connect