Posted on 08/08/2014 7:05:57 PM PDT by markomalley
Cisco reports its fourth quarter earnings on Wednesday, and rumors have begun circulating that another round of layoffs are coming, maybe announced next week, maybe in October.
We can’t confirm those rumors, which stem from an anonymous source who tipped off Cisco blogger Brad Reese. But a source did tell us that Cisco is working on a reorganization of some of its engineering teams.
Reese broke the news on last year’s surprise layoffs which also came from an anonymous tip.
Last August, Cisco shocked the world by reporting a better-than-expected quarter, and a solid year, and that it was still cutting 4,000 jobs, almost 5% of its workforce. About 900 people got pink slips at the San Jose mothership offices the following October, the Silicon Valley Business Journal reported.
(Excerpt) Read more at businessinsider.my ...
the insiders are making huge profits excercising their stock purchase options and dumping them
http://finance.yahoo.com/q/it?s=CSCO+Insider+Transactions
What company would want to buy routers from the USA NOW…?
Might as well buy Chinese ones -same spying, but save tons of dough.
Juniper.
Well, people are eating healthier these days. And olive oil has tremendously increased in popularity.
Something along these lines will ultimately be the solution.
Cisco has always been over priced crap.
I keep thinking the headline is about layoffs at Crisco.
Gov. Christie, don’t quit your day job.
;^)
The bigger rumor is John Chambers will announce his retirement from CEO, and the new CEO will implement a sweeping restructuring, exiting some legacy business segments.
Hey Poncho, Hey Cisco!!!! The Cisco kid!!!
Its already started.
Managers have been trashing employees and contractors as legal prep work.
Cisco layoffs are traditionally brutal and tend to shake Silicon Valley hard.
This one sounds really bad.
Sounds like a mutual fund manager looking to game the stock.
Got to make jobs available for the illegal invaders coming in.
Therefore, legal citizens must give up their job.
Cisco isnt a technology company.. Its a marketing company...
If you want bad ass switches go with Avaya. the line of switches they purchased from Nortel, who purchased from bay networks are the best performing and solid ass equipment in a production environment. they were doing ASIC’s a decade before cisco even recognized that something other than a central CPU might be a good thing...
just look at the cisco nexus platform... really?! a friggen ethernet switch based on virtual server technology that also happens to be a SAN controller?! WTF?!
They do that which in turn drives down the price of the stock. So to get the price of the stock back up they reduce costs (layoffs). Next quarter repeat the process. No corporation looks past this quarter’s numbers.
My personal opinion is American businesses started a downward slide about the same time MBA graduates with lots of theories and not much business experience started making business decisions for companies. Everything has been reduced to a number with a mathematical formula for success.
You have hit the nail precisely on the head.
Thanks markomalley.
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