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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.
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.
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.
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.
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?
Cookie Monster, Inc.?
Ezekiel 23:20
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.
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).
Well yeah, they did steal alot of stuff sure.
But you guys gave them the experience to use it by manufacturing every component over there.
Then the Chinese realize they need there own network and they don't want NSA bits.
When the Chinese decide to do something they do it like you guys built space rockets in the old days.
Billions where spent with a guaranteed enormous market in China and the rest of the world as a bonus.
During which Cisco walk in AT&T leash and make equipment that fit basically only the US market. They maintain there stunningly silly pricing and rebate policy.
There internal systems are horrendous and exist only to maintain the archaic rebate policy.
Your saleperson at Cisco is more like a lawyer you have to work there system then a salesperson.
But, much of the stuff is rock solid, I have personally had one device running in public IP space for over 10 years without a reload. That is 10 years + of actual uptime.