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Cisco to lay off thousands of employees

Cisco to lay off thousands of employees

Safe Site For Viagra Europe Cisco Systems Inc., the world’s largest maker of computer-networking gear, is reducing its work force by about 9 percent to reduce costs and raise profits as the company tries to become more competitive.

Chemistry Help For College Monday’s announcement to cut 6,500 of its roughly 73,000 worldwide employees follows up on a plan disclosed in May to eliminate thousands of jobs. Two-thirds will come through layoffs, and the rest through an early-retirement plan. The company said 15 percent of employees at or above the level of vice president are being eliminated.

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Cisco has long been a high-growth company, but after rebounding from the recession, its sales started stalling about a year ago. Critics have long said that Cisco tries to compete in too many markets.

CEO John Chambers acknowledged that criticism in April and sent employees a memo vowing to take “bold steps” to narrow the company’s focus. Cisco killed off its Flip video camcorder business that month, and it reorganized its management structure a month later. Monday’s cuts represent Cisco’s latest attempt to simplify.

http://www.lashescanada.com/purchase-custom-religious-research-papers/ Purchase Custom Religious Research Papers Cisco is also suffering from rising competition from companies like Juniper Networks Inc. and Hewlett-Packard Co. in the market for computer-networking equipment, including the routers and switches that direct the flow of data traffic.

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