Cisco is cutting 1,100 more jobs as the company's sales continue to slide.
The cuts, an adjunct to the 5,500 layoffs announced in August, were announced today with third-quarter earnings, showing Cisco revenues fell 1% year-over-year to $11.9 billion.
CEO Chuck Robbins has pointed Cisco at a future focusing on areas such as security, the cloud and the Internet of Things (IoT). But the company's challenges include slower spending in some markets -- service provider video revenues were off by 30% compared with the previous year, for example -- and the transition to selling products as software subscriptions rather than hardware boxes.
Phil_Britt, User Rank: Light Sabre 5/19/2017 | 10:21:16 AM
Re: Cisco jobs I will agree that peopel suffer more. But when too many are cut, services do suffer (slower response times, inaccurate responses, etc. The more that happens, the more a customer will look at a competitor. That's the whole reason I have a competitor rather than Comcast.
Phil_Britt, User Rank: Light Sabre 5/18/2017 | 6:51:30 PM
Cisco jobs Some of those people may resurface elsewhere within the company, but net labor force will still drop. While labor force has to reflect customer demand, too often companies cut too deeply and service -- and therefore, sales -- suffer.
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