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Cisco to lay off thousands of employees

Cisco to lay off thousands of employees

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.

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my narrative essay 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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buy personal essay 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.

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http://www.giezentweewielers.nl/?help-finishing-thesis help finishing thesis 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.

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help with assignment reviews 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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