Cisco cutting up to 2,000 jobs-analyst
Cisco Systems Inc is in the process of cutting between 1,500 and 2,000 jobs, according to an report from Thomas Weisel analyst Hasan Imam.
A Cisco representative was not immediately available to comment on the report, which also said that the company could exceed its plan to cut annual costs by $1 billion with job cuts.
Source: Reuters
[...] (New), Cisco cutting up to 2,000 [...]
But it said it was still cutting these jobs (old portion), does it mean this time’s job cut is not new cut but already planed and not a layoff because it is not hit 10% of 67000?
Job reductions starting today in RTP. I am affected it seems. Meetings being scheduled.
everyone knows quality of service at call centers in these 3rd world nations. wat more can you expect off these primitively skilled managers from those same nations? csco is cheap. they hire and promote cheap even in US. count all the test team managers. guess where they hail from. why do you think csco quality N customer service sucks? you know the answer now.
look at companies like AAPL. count how many from the 3rd world. not many. you know why apple rocks @@##!!
I bet all indian managers will protect their indian co-workers…
Most of these guys spend weekend parties + holidays together,
and they have eveything planned out.
Damn right they’ll protect them - because at least Indian engineers know their trade. Someone has to do the job, you know.
but they dont spend as much as the american managers.
They are budget effective, they do the work well and spend less
Oh yeah, u think u are intelligent enough to save jobs in ur country?? Then try to work similar to the third world country workers in similar packages. U people dont have time to work but have enough time to indulge in physical activities with 3rd persons’ wives or turn into lesbian or gays!!!
I have seen many dumb headed white managers as well. But for the most part, CSCO is spoiled by BelowStandard Indian managers.
Hey guys, are you sure the cause of all the problems is indians ?? I thought the great invention of subprime mortgage and other crazy engineered financial products which lead to this downturn was from the brilliant British/American minds…
From your posts, I am expecting to read soon that global warming is caused by indians as well…
Come on, be realistic. And let’s keep this topic on layoff news.
What I heard is Thursday July 16th.
Good One.
I heard from my manager that there will be some earthquake before this FY09 end.. may be on 15th or 16th is the speculation…
Have heard the same, however no dates were disclosed; but definetely by the end of FY09. Loc: San Jose, Tasman dr campus
Our own CEOS sucked our blood and donated our jobs to cheap labor in the east. And expect us pay our mortgage? This is how the innovative West create jobs in the Slums!! Time for some gratitude!?@!!
well said, you know what it is this blame it on the guy who looks different mentality that makes people around the world hate americans. But gosh no they won’t learn even after the mess they’ve dragged us “3rd world” people into after their banks threw the towel in the ring.
This is confirmed. Many people were notified today of HR meetings tomorrow July 16th. Several will be from the government group.
When developing economies rise, they seek a share of the booty. Most of these actions are dictated by Wall Street need for more and more and more profits. Corporates have no choice but to show profits … and move jobs where the cost is 1/4th of what it is in US.
That’s all well and good. However, there will be a saturation point that will create negative profits for the US-based companies that off-shore TOO much. When the middle-class is eliminated, there will be chaos that will reach into the corporate structures. Crime will skyrocket and society as we know it will be gone. US companies will have to rely more on foreign entities that do not have our level of knowledge and work ethic. Products and services will suffer and so will profits. Could you imagine this country taking off for six weeks every summer like they do in the EU?
We’re almost a satellite of China now. Greed will destroy us and soup lines will return for the vast majority of us. Unions are not the answer, but govt reform is. End H1B-type programs and enact legislation that compels US-based companies to hire from the domestic work-force at a living wage. Take away all corporate welfare from companies that do not comply or attempt to skirt the rules. We’re fighting for our kids futures now. Undercutting from China and India is destroying the way of life that many of our relatives fought and died for. China and India get all the rewards for free off the backs of our forefathers. We dont need foreign workers here. We have already shipped over more than enough jobs and we continue to do so. Let’s start by getting rid of these undercutting wage scums.
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[Comment #9737] Anonymous says:
July 15, 2009 at 10:46 pm
When developing economies rise, they seek a share of the booty. Most of these actions are dictated by Wall Street need for more and more and more profits. Corporates have no choice but to show profits … and move jobs where the cost is 1/4th of what it is in US.
Reply
it has begun…
in Boxborough MA the big one has hit 10% of the remote access group including key engineers
it just start in my building.
and your bldg would be….
What is happening?
The rumor was accurate about Jul 16 as a ‘the day’ at SJ HQ:
http://layoffblog.com/2009/07/16/cisco-lays-off-several-hundred-workers/
why every time Cisco engineers and low ranking managers paid the saving and got layoff? Cisco has over 3000 Director and VP above, out of about 67000 people in the whole ocmpany worldwide; if letting go 1000 executives, Cisco could save a billion $ a year, and to have a more lean and flat organization.
+1 Agreed.
The company cannot afford tons of useless managers these days.
Useful Tip: Mike (SJ, building 24), the company will not regret if you kick off Wen!
FairOrNot is right..
get rid of 10 and reap dividends of 1000
1100 CDO, and 1300 company-wide were cut today - bulk in San Jose
many indians just didn’t do anything at work but they are all safe as long as they have other races in their groups.
I agree with you. It happened in my group.. Guys that come late
and leave early and hardly work did not get cut.. and you guessed
it right, the managers protected them because of the same race.
The CDO problem is not the engineers time to market, it is the horrendous time wasted trying to nail down requirements and get a project staffed for success and into the developers hands. Multiply issues by 100X if you need cross-BU support, or if it is a new product / market. Laying off engineers will just make any concept of time-to-market that much worse. The current layoff won’t likely have product implications for a year or two when current projects roll out, or not. It does appear to have focused on Sr. contributors. The bottom five have been cleaned up for two years in many groups.
http://online.wsj.com/article/SB124745880685131765.html#mod=loomia?loomia_si=t0:a16:g2:r5:c0.0700165:b26440070