Yesterday an anonymous commenter, remarking on my post regarding Cisco’s creativity in redefining the word “layoff,” said the following:
“We will know in about 14 hours.”
He or she was referring as to whether Cisco would show at least some of its employees the door. As it turned out, that commenter was right.
As reported by the Wall Street Journal, Cisco — trying to control costs amid declining sales — laid off several hundred employees today.
Quoting an unnamed source familiar with the situation, the WSJ reported that Cisco dismissed between 600 and 700 employees at the company’s San Jose headquarters. Cisco also reportedly slashed jobs in branch offices elsewhere in the U.S. The total number of jobs that Cisco eliminated wasn’t immediately clear.
Two other commenters to this site yesterday suggested that Cisco has been laying off from 1,500 to 2,000 US-based employees each quarter in instances of “limited restructuring.” Many of the positions, according to these commenters, are being relocated to China and, to a lesser extent, India.