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Cisco To Cut 1,100 More Jobs Amid a Worse-Than-Expected Business Outlook (cnbc.com)

Posted by msmash on from the in-hope-of-a-fix dept.

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.

1 of 58 comments (clear)

  1. They will never recover from this by Anonymous Coward · · Score: 0, Interesting

    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.