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Cisco To Cut 1,100 More Jobs Amid a Worse-Than-Expected Business Outlook (cnbc.com)
Cisco said this week that it will cut an additional 1,100 employees as part of an expanded restructuring plan. From a report: The cuts come on top of the 5,500 job cuts, or 7 percent of its workforce, announced in August 2016, the enterprise technology company said. Cisco said it plans to recognize hundreds of millions of pretax charges related to the restructuring, which will end around the first quarter of the 2018 fiscal year.
it's evident now that much, if not all, of U.S. communications technology will be compromised. Sometimes behind the manufacturer's back, and sometimes by themselves to comply.
It's clear that this won't change, the NSA will not be shut down, and customers around the world realize that Chinese and in particular European manufacturers are more reliable, because they don't have this spy-on-the-whole-world agenda.
But it's all good. In the end it means that after abandoning American manufacturers, the world gets better and more secure communication equipment, and that's what's most important.
Cisco was the last innovative company to come out of Silicon Valley. Everything else after that was consumer oriented advertising shit. OH! And an "entrepreneur" who is considered an "innovative genius" for rehashing old ideas. Yeah whatever guys; public relations people - you know; the jocks who go to college to get Communications "degrees" or the women who flunked out of beauty school - who explain that your 'hero' is an innovative 'genius'.
I have the respect of you guys to think that you can do better.
I watch the IPOs from SV and I am appalled at the shit. And people buy it.
Silicon Valley - the source of SCAMS.
What would the company be called if Cisco and Nabisco merged?
can u say, Linkedin?
Like BeauHD..
Do you guys understand what ur publishing?
Do you realize when things like this are published it just diminishes YOUR credibility.
With that, your crowd also leaves as well..
Is there some master plan to diminish the name for a cheap sale?
Yes, and Yes, and damn, you caught on to the master plan.
to at least once hear about cisco away from the US Cert alert emails. wonder why the outlook looks grim,
build back doors, get caught... not profit.
Are you dumb in any other areas? This is strictly due to the fact that no sane government or multinational corporation would ever touch another american security appliance due to NSA having a backdoor on all of them. I don't like the guy either but let's keep it real
Amid FortiNet and friends taking Cisco's business, nobody is flaming about jobs being lost in the industry while ignoring the growth in other competing businesses? Nobody's going to claim unemployment increases while unemployment continues to fall, even in the tech sector? Nobody's going to demand Cisco "just cut back profits" as they lose business and somehow keep paying their existing staff even as their customer base shrinks?
What happened, Slashdot? All I see is Obama and Trump talk (both bullshit).
Support my political activism on Patreon.
I remember at one particular meeting that John Chambers had at the RTP campus (back when they didn't have layoffs every year). And John said something to the effect of "Whenever we have layoffs, it means that management has made some poor decisions."
It seems like management has been making the same poor decisions over and over again.. Im so glad I got out when I did.
-db
I remember when I was selling a European made security appliance that one of the sale points was that unlike Cisco, it doesn't have a backdoor. It wasn't a conspiracy either it was just something everybody knew. And this was way before the NSA revealings. Also, american security appliances are strictly forbidden in the central EU institutions, with no exceptions. Personally I think they are the clunkiest hardest to use appliances of all, you need 6 certifications just to install it.
Does anyone have any rat's asses they can loan me, 'cause I'm all out of farks to give when it comes to Cisco.
Anyone still using Cisco "security" products is getting what they deserve.
My portfolio has gone up nearly $690k since Trump was elected. I'm a big fan of the Trump Bump. I'll never vote liberal again most likely, although I do sympathize with some of their positions.
With all the deep packet inspection and prioritizing that will ensue from the net neutrality abolishment, Cisco is poised to sell more big iron. They are selling the toll booths of the information highway!
Even with Cisco making their own SDN gear, they have a pretty big problem - companies aren't as willing to spend the Cisco premium anymore, even those that do have big on-site footprints ("on-prem" makes me sound like a douchebag brogramming hipster, so I'll just use "on-site.") That means they're selling less gear and having to discount it more. Couple that with them trying to extract as much revenue as they can with their SmartNet contracts, which you have to buy if you want firmware upgrades, and it's no wonder they're hurting.
I wonder how the whole SDN thing will shake out. It's interesting because no one would have ever thought of buying dumb white box hardware to do physical connections a few years ago and controlling the whole thing from an abstraction layer. What I wonder is whether they're going to start believing their own hype and just stop investing in the hardware altogether. It's really easy to let the hype train carry you too far over to the extreme edges - like everything, there will always be a middle ground.
What also makes me wonder is how they can just snap their fingers and lose 1,000 people. First, that's a lot of well-paid people to dump onto the labor market all at once. Second, what were these people doing that made Cisco decide they weren't useful anymore?
The other part is that a 'normal' connection can be 100 gigabit, and most of even the more aggressive networking environments don't usually go beyond 10gbit a part, and the industry standard switch chips are readily available to do those at full line rate with large numbers of ports.
With that, the things that used to be cisco's bread and butter (proprietary switch 'stacking', chassis switches, etc) become less relevant. In fact, in many product areas they allowed themselves to be leapfrogged in many performance areas (cisco was one of the last switch vendors I could remember trying to sell gigabit switches that were internally oversubscribed, for example).
XML is like violence. If it doesn't solve the problem, use more.
We used to use Cisco , then replaced them with HP and they are now being replaced by Huawei
The USA has proven they are no more trustworthy than China, so why pay the extra ?
I was at Cisco for over 12 years and this kind of announcement isn't really news any more. Employees at Cisco are little more than yearly contractors. John Chambers, the former CEO, used to talk about Cisco being a family. If it is, then it's a highly dysfunctional one now!
Now there's one hoopy frood who really knows where his towel is!
The bottom line is that Linux is starting to eat Cisco's lunch in one form or another. This is happening to UNIX servers(RedHat), phones(Android), and desktops(Chromebook).
In the end, you can't compete with Free (both definitions).
I really hope that the majority of those lay-offs were of people who came up with their ridiculous product pricing.
Cisco should change their mission statement to, "You probably can't afford it."
The CEO needs a new yacht to keep up with the other CEO's who bought bigger yachts? I've heard that back in 2013.
Once cisco moved from being a technology company, to one focused on licensing, it was just a matter of time.
HILARIOUS!
My portfolio has gone up nearly $690k since Trump was elected
Smells a little like bullshit to me. I wonder how many people with $10M portfolios slum around on Slashdot?
As someone who's got about $1MM invested (401k for ~40 years and saving and being generally cheap and putting money into reasonably-safe vehicles) pretty deeply and enjoyed a remarkable run during Mr. Obama's presidency, I am finding the Trump Bump to be ephemeral at best.
I'm no SJW, either. He keeps doing things that create turmoil and upsets the basic economic order/infrastructure. Markets do not do well when in that state. They prefer relative stability of underlying economic infrastructure - no railing at trading partners about currency manipulation and threatening tariffs, no bans on laptops from western democracies that will screw up business travel and cause a lot of economic dislocation, no screwing up relations with friendly states by inappropriately sharing information, no budget proposals which don't add up. Say what you will about Mr. Obama, he was a grownup surrounded by grownups who took the Presidency seriously; ditto for Mr. Bush. The current twitter-tantrum-fueled rage is not serving anyone's needs but Mr. T's.....
I've noticed that Trump is fairly quick to claim victory when he saves a few jobs, but where is he when there are layoffs? Why did he feel Carrier more worthy to use his magic sparkles on than Cisco?
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
Yeah, while I disagreed with a lot of the Bush presidency, the administration was at least made up of people who could actually govern.
Any incompetence attributed to the Bush presidency pales in comparison to the Trump administration. While "Mission Accomplished" and "heck of a job brownie" were dumb they were on a completely different level of play than we are today. While Cheney did a lot of crap I greatly disapprove of, I can't argue that he was in any way dumb, cold, calculating, absolutely, but not dumb. Anything Bush said that was stupid was at the very most harmless, much like Biden's gaffs. I'll never understand why people thought voting someone into the hardest job in the country with zero experience was ever a good idea.
Because the alternatives were worse?
...I'll never understand why people thought voting someone into the hardest job in the country with zero experience was ever a good idea.
When only the tears of a unicorn can save your world view, you vote for the guy that says unicorns fly out his butt. And if it turns out to be true, said unicorns will certainly be crying.
Also, he changed the contract's maximum time limit to 18 months/1.5 years. :(
Ant(Dude) @ Quality Foraged Links (AQFL.net) & The Ant Farm (antfarm.ma.cx / antfarm.home.dhs.org).
spare money, consider spinning up your own company, consulting firm, etc.
One of the major problems nowaday is too many little guys are signing up with the big guys rather than either joining or starting their own.
Furthermore while public is at the whim of the investors/board/upper management, and private is at the while of the owners, there is plenty of room for coop-style businesses, assuming everyone is taking part in supervising the leadership (As an example CSAA/AAA have been in a downward spiral products and leadership-wise because the common members have just been letting 'whoever' be their representative for board votes, rather than selecting someone/voting themselves. Many other coop businesses are seeing the same, much like the US governmetn as a whole.) If you can overcome that, and have a successful business plan, there is room in the market to become a consistent player, even as other facets of the market collapse under their mismanagement.
Sure you did, because of the last quarter results, the one some days after Trump took office and that everyone is still taking gains... you know, the last of Obama?
Right. It's Trumps fault. Let's conveniently ignore that Cisco laid off 5x as many people last August.... before Trump won the election *gasp*. That Trump Derangement Syndrome must hurt precious little snowflake minds like yours.