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March 24, 2009

Today’s Hot Layoff Topics

Tags: Oracle | IBM | Microsoft | Cisco | AIG | Apple | H1B

February 25, 2009

Cisco Confirms Global Job Cuts

According to Channel Web: “Cisco Systems (NSDQ:CSCO) confirmed to Channelweb.com that it has eliminated a number of positions in the U.S. and abroad as part of its realignment and restructuring initiative that will chop $1 billion out of its operating budget throughout fiscal year 2009.

Cisco would not confirm on Wednesday how many positions were cut. Sources, however, said employees started receiving notifications on Tuesday, and roughly 250 of the positions eliminated were based in San Jose, Calif. Overall, sources said, the number of employees affected was fewer than the 1,500 to 2,000 that Cisco CEO John Chambers hinted at on the company’s earnings call for the second fiscal quarter.”

February 4, 2009

Cisco Systems: possible large jobs cut in 2009

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.

December 8, 2008

Rumor: Cisco Systems to lay off IT contractors

According to rumors from insider sources*, Cisco Systems to cancel several internal projects (including Web 2.0 and R&D projects), laying off IT contractors, most of them are H1B visa workers. Cisco IT contractors are not actual Cisco employees, they are working through ‘vendor’ companies (also known as ‘body shops’). But the layoffs are real. Most likely these layoffs will not be listed in the Company layoff statistics.

Update (02-04-2009): Cisco Systems: Possible large (up to 10 percent) jobs cut in 2009

Update (02-24-2009): Rumor: “1800 More just got laid off at Cisco”, Austin, TX

Update (02-25-2009): Cisco Confirms Global Job Cuts

Update (03-12-2009): Cisco quietly downsizing through outsourcing

*WARNING: We cannot guarantee the accuracy of information as it is only an individuals point of view. We will investigate and/or omit any complaints of inaccuracy.

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