Cisco on a workforce reduction spree, 700 laid off more to come
gaurav bagdi
" Gaurav Bagdi is a 22 year old part time Blogger, Technical writer. Interested in day to day evolution in the field of technology. He’s the editor of Webketu - Technology Evolves. and owner of NetKetu. You can also catch him on twitter.”
This Sounds kind of disappointing however, i just heared about the news of laying off workers at Cisco’s HeadQuarters itself located in San Jose CA.
Resources says “Cisco Systems Inc. laid off 600 to 700 workers at its company headquarters and an undisclosed number of employees at other locations this week, bringing the world’s largest maker of computer networking gear closer to its goal of reducing its work force by about 2,000 positions.”
Its is not officially been discussed or Reported to press or media about the groups Might have been effected durng this laying off spree.
The company said in February that it planned to cut 1,500 to 2,000 jobs “in the near term.” Cisco has also stopped hiring for most jobs as part of a plan to save $1 billion in the 2009 fiscal year, which ends in late July.
From the Archives, In February, CEO John Chambers told analysts that “the odds are reasonable” that Cisco’s cost-cutting and layoff plans would be enough to head off even deeper job losses.
Well, News Came as a Shocking but What to say a “TRUE” response of what this world going to do to cover up the Costs which are increasing with a Lightening speed, with every day.
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