Cisco cuts 1300 jobs

By Juha Saarinen on Jul 24, 2012 8:04 AM
Filed under Communications

Restructure claims further scalps.

Cisco says it will shed a further 1300 jobs in an ongoing attempt to net $US1 billion in savings.

The workforce reduction is Cisco's second since last year, when it announced plans to cut 10 percent of its 65,000-strong workforce.

"We are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population," the company said in an emailed statement.

"These actions .. are part of a continuous process of simplifying the company, as well as assessing the economic environment in certain parts of the world."

Cisco did not specify which business units would be affected.

Chief executive John Chambers launched a fluid restructuring plan last year to cut expenses by $1 billion in an effort to make the company leaner and more efficient. Cisco cut its head count by around 6500, mostly through layoffs and early retiurement packages.

With CRN US.

 
Follow us on Facebook and Twitter
 

Copyright © iTnews.com.au . All rights reserved.

Promo

Cisco cuts 1300 jobs
 
 
 
 
 
Top Stories
Crucial sold for 'double-digit millions', changes CEO
Digital Pacific buys hoster started in Bondi bedroom.
 
Greig Guy joins Quantum after Brocade sabbatical
Former Brocade country manager back in the spotlight.
 
Why you probably won't get Windows 10 on 29 July
Staggered rollout planned, questions remain.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
Will Windows 10 be good for resellers?

Latest Comments
CRN Magazine

Issue: 339 | June 2015

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.