Even as confirmation arrives that Cisco slashed 600 to 700 employees from its California payroll in July, rumors are circulating that the network giant might enact further layoffs in September.
Chambers said the company is finished with a belt-tightening program that has led to layoffs of just above 2,000 employees in the last two quarters, slightly more than the company had advertised. It ended the quarter with 65,545 workers. The company is now fully focused on growth, the CEO said.
Maybe these latest rumors are unfounded. It’s either that or Chambers wasn’t entirely forthcoming.