& cplSiteName &

Cisco to Cut 1,100 More After a Down Q3

Craig Matsumoto

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.

Scott Ferguson has the full story on Enterprise Cloud News.

— Craig Matsumoto, Editor-in-Chief, Light Reading

(3)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
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.
User Rank: Light Sabre
5/19/2017 | 10:13:42 AM
Re: Cisco jobs
Services don't suffer, neither the sales. People do.

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.
Featured Video
From The Founder
The world of virtualization is struggling to wrench itself away from the claws of vendor lock-in, which runs counter to everything that NFV stands for.
Flash Poll
Upcoming Live Events
March 20-22, 2018, Denver Marriott Tech Center
March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
21st Century Networking? Welcome to the Lock-In
Steve Saunders, Founder, Light Reading, 2/20/2018
How Long Before We Hit Peak MWC?
Iain Morris, News Editor, 2/23/2018
Stakes Run High for Tivo in Comcast Suit
Mari Silbey, Senior Editor, Cable/Video, 2/20/2018
AT&T Reveals Initial 5G Cities
Dan Jones, Mobile Editor, 2/21/2018
Sling TV Soars at Dish's Expense
Alan Breznick, Cable/Video Practice Leader, Light Reading, 2/21/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed