According to CNNMoney: “The global economic downturn will continue to hammer computer networking giant Cisco Systems Inc., chief executive John Chambers said Wednesday.
In its current quarter, Cisco expects to see revenue decline between 15% and 20%, he said in a conference call with analysts.”
“We are not going to consider (layoffs) at this time,” chief executive John Chambers said. But he added, that if Cisco was forced to cut jobs, it would likely be a large cut of about 10% of its workforce.
- Cisco employed 67,318 workers worldwide at the end of the second quarter.
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[…] Update (02-04-2009): Cisco Systems: Possible large (up to 10 percent) jobs cut in 2009 […]
Pingback by Rumor: Cisco Systems to lay off IT contractors « LayoffBlog.com — February 4, 2009 @ 8:50 pm |
GOOD! Let some of those arrogant blue-badge assholes share in the misery.
We can’t have the shareholders losing any more money. Cisco is a shithole.
Comment by Red Badge — February 4, 2009 @ 10:42 pm |
Red Badge,
You have some major issues. It’s people like you that make captive employees say “no way” when asked by mgmt if a contractor should be brought on board. In over 25 yrs in the industry, I have yet to come across a contractor that was worth the money they cost and the hassle they bring. Captive employees pay a high price for the (relative) security they obtain. If you’re so bitter, why not become a full-timer? I’ll tell you why.
1) You might have to actually work a full day
2) You might have to actually be accountable for where you are and what you’re doing during the day
3) You might have to actually be a team player and live by the same rules that full-timers live by
You’re boo-hooing falls on very deaf ears. Wishing layoffs on people that have sacrificed and dedicated themselves to an employer is sick. No one told you to be a contractor. The contractors I know fully realize that they can be let go at any time. If that’s not your cup of tea, become a full-timer somewhere. You couldn’t cut it at Cisco, so certainly try somewhere else. Up until this downturn, there were plenty of full-time gigs. Get over yourself, grow-up, and shut up. How old are you anyway? You’re either too old and screwed up your career and now are whining about it. Or, you’re a pissant that has no clue how the real world works. Like I said, you have issues.
Comment by anon — February 5, 2009 @ 4:44 am |
#2: I am with you! Cisco needs to cut lots of dead wood. Lots of managers and managers of the managers – hey are all useless.
Comment by Bubba — February 5, 2009 @ 8:45 am |
#2 and #4 are probably the same person. #3: don’t descend to their level by gracing them with an answer.
Comment by myphotoscout — February 5, 2009 @ 3:45 pm |
Cisco has a lot of managers and many of the managers manage only couple people. Time to clean house.
Comment by John Malian — February 5, 2009 @ 3:50 pm |
Obviously, they have no need to file for any employees in the 2010 quota (April 1, 2009 filing).
Comment by Cee — February 5, 2009 @ 7:13 pm |
Cisco is complacent.
Competitors are catching up .
To be nimble , Cisco needs to jettison dead woods.
You will be surprised that in fact Cisco is having many dead woods.
Of course , including Chamber
Comment by ricky — February 6, 2009 @ 5:43 pm |
cisco q2 profit 1.9B and 29.5B cash but still want to layoff 2000 employees.
Comment by Anonymous — February 6, 2009 @ 11:08 pm |
Cisco Q2 profit 1.9B and 29.9B cash but still want to layoff 2000 employees.
Comment by cisco no good — February 6, 2009 @ 11:10 pm |
should a person join as contractor Red badge if offered, in such scenario -2009 ?
Comment by A — February 8, 2009 @ 3:31 am |
>> should a person join as contractor Red badge if offered, in such scenario -2009 ?
I think it really depends on what style of work suites you. In the current scenario, my feeling is to stick with the style you are more comfortable with and are good at. With lot of people in the market, chances to get a new job (if you get laid off) would be better for you if you know exactly what your pluses are. Of course this doesn’t apply to people who are unfortunately not competent enough; such people would be at maximum risk be it full time or contracting. If you feel you fall under this category, better start preparing yourself and improving your skills…
In a nutshell, if you are good, you shouldn’t have to worry, no matter if you are a contractor or a full time employee…
Comment by Anonymous — February 9, 2009 @ 12:15 am |
#6 those are not managers, they are damagers to company
Comment by Arun — February 10, 2009 @ 4:09 pm |
#13: their managers do think otherwise. Cisco will sink if it not cut all this useless mid-to-low-management junk.
Comment by Anonymous — February 10, 2009 @ 4:16 pm |
the word is 3rd quarter 2009
Comment by OHBOY — February 10, 2009 @ 4:59 pm |
#15: Do you know where? Any rumors about layoffs at Cisco in San Jose?
Comment by Anonymous — February 10, 2009 @ 5:32 pm |
John Chambers said during the earnings call that another 1500-2000 would be let go. They probably wont say anymore about it. Those 2000 will likely be let go in phases and not in any particular quarter. It’s assumed it’s more contractors being let go. If you’re on an H1B visa and work for Cisco, you better start making plans to move home. Cisco wont have any problems replacing the H1Bs with naturalized citizens.
Comment by anon — February 10, 2009 @ 7:17 pm |
as an ex-employee for 13 years in engineering at that place I (blue badge) I can only affirm as to how useless management is. They are the worst example of how a successful company should be run. I left Cisco more than a year ago, joined a competitor and well happy about the decission,
Comment by Anonymous_1 — February 11, 2009 @ 10:09 am |
Useless managers exist in every company large and small. Sounds like a few people have some sour grapes regarding their employment at Cisco. Try to be happy wherever you end up.
Comment by anon — February 11, 2009 @ 10:30 am |
Cisco has lot of central teams which are not productive. Cleaning could refhresh enviroment
Comment by major — February 13, 2009 @ 6:26 am |
My VP is very aware of issues with management in her organization and is willing to step up to the plate to do what needs to be done to rectify the situation. She really listens to her staff and skips on a consistent basis. I applaud her for this.
I think red badges tend to harbor resentment and it’s not fair to think that just because you got screwed over that the company as a whole is bad. It’s a great company and I am proud to say I work here.
Blue badge~
Comment by Blue badger — February 17, 2009 @ 1:21 pm |
Major, I agreed with you. Cisco central group is not productive. They let the guy from operation to run the Central technology group.
Comment by Anonymous — February 20, 2009 @ 1:03 pm |
Cisco just whacked the entire software engineering and qa departments at their Burlington, MA location. 38 people gone. Other “restructuring” done in Portsmouth, NH and Boxborough, MA. Having worked with the Burlington group, we are far from dead wood. The dead wood made the decision to cut the office. I believe the Peter Principle has been achieved.
Comment by LookingInMass — February 25, 2009 @ 11:05 am |
Perhaps they should look in to Chambers 71 million dollar salary??
Comment by Anonymous — February 25, 2009 @ 3:20 pm |
Any one hears about Cisco layoff today? I heard Cisco let go another 250 people today, San Jose area.
Comment by Anonymous — February 25, 2009 @ 9:36 pm |
What is the US government doing? That’s a laugh. The same thing they did to prevent a preventable meltdown of the global economy, the same thing they did to catch Madoff before people really got hurt … that is very little.
Here’s what we should do. Ban H1-bs for ordinary workers. Yes, java programmers/c programmer are ordinary. You can train a monkey to become a mediocre java programmer. Trust me, cisco is filled with these (and some actually want to be promoted). H1’s should truly be reserved for special skill sets that are hard to train. Also, no body shop should ever be able to able to apply for a H1-b; this is probably the greatest area of abuse for the H1-b program.
This will increase the demand for engineer and universities will respond. Yes, companies claim they will start hiring offshore. I have two issues with this 1) They already are doing that and 2) go ahead; the more you hire off shore the more demand will increase overseas, thus driving up demand and costs.
Comment by Anonymous — March 4, 2009 @ 11:58 pm |