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.
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.
During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.
She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.