Design Con 2015
Breaking News
News & Analysis

Cisco to cut 6,500 jobs, sell plant

7/18/2011 10:48 PM EDT
22 comments
NO RATINGS
More Related Links
View Comments: Newest First | Oldest First | Threaded View
Page 1 / 3   >   >>
A D Distler
User Rank
Rookie
re: Cisco to cut 6,500 jobs, sell plant
A D Distler   7/27/2011 3:44:51 PM
NO RATINGS
When a company is driven by a few, protecting high salaries as their first priority, this outcome is always predictable. IMO, broad salary gaps in any organization, will eventually lead to a tribal mentality amongst a select few.

docdivakar
User Rank
CEO
re: Cisco to cut 6,500 jobs, sell plant
docdivakar   7/25/2011 9:49:19 PM
NO RATINGS
@MHK_#1: since most of the VP's get paid more like $200,000+ (including benefits) and the news says 75% will be those, the numbers don't quite add up! There has to be a significant number of lower level employees in the $110,000 to $120,000 range (including benefits ~$153,000!). MP Divakar

MHK_#1
User Rank
Rookie
re: Cisco to cut 6,500 jobs, sell plant
MHK_#1   7/23/2011 3:42:48 AM
NO RATINGS
With a little bit of math, 1B/6500 = ~$153,000. Therefore, Cisco will save this amount for this year. That is a dollar money Cisco will spend to have 1 employee about year, although $$$ can be varied title, location and hidden cost. I am curious how 6500 will be spread over US and world locations. In here, Cisco people may not be paid to get his salary. Most lay off people may be at Bay area or Southern CA where a salary amount is large. Does any one know or do they say anything like that?

Charles.Desassure
User Rank
Manager
re: Cisco to cut 6,500 jobs, sell plant
Charles.Desassure   7/21/2011 10:42:21 PM
NO RATINGS
I think Cisco is thinking about long-term; and that is understandable. But for employees to receive a voluntary early retirement package, and possess Cisco expereince, that is not a bad deal overall. But I understand.

Icarus2
User Rank
Rookie
re: Cisco to cut 6,500 jobs, sell plant
Icarus2   7/21/2011 2:42:52 AM
NO RATINGS
The "15% layoffs will be vice presidents or above" comment is very dubious. If Cisco really has more than 975 VPs the company is way too top heavy and the CEO who let this happen deserves to be fired, not the individual workers.

ehjchow
User Rank
Rookie
re: Cisco to cut 6,500 jobs, sell plant
ehjchow   7/20/2011 4:03:07 AM
NO RATINGS
6500 or 9% empolyee equals to a total headcount of 77000. 975 VPs for 77000 equal to 1 VP leads about 74 employee I don't believe so, as far as I can remember, Cisco is quite flat.

Hyperdude
User Rank
Rookie
re: Cisco to cut 6,500 jobs, sell plant
Hyperdude   7/20/2011 3:28:20 AM
NO RATINGS
A comment on the phones. Most of those are product placements. It seems that marketing got something right :) I have used the competitors phones as well. The Cisco ones are really better.

Bert22306
User Rank
CEO
re: Cisco to cut 6,500 jobs, sell plant
Bert22306   7/20/2011 12:26:58 AM
NO RATINGS
I suppose that network switches and routers are more and more becoming a commodity product, and that's what often happens to companies that produce commodity products. It seems they're doing a booming business one day, and suddenly it goes flat. Don't have any inside info, such as Superdude, so I have no idea whether clueless top management is a problem. (It often is.) It seems to me that with IPv6 now coming on stronger, Internet TV, and wireless broadband, there should be quite a few innovative products needed in Cisco's sphere, no? And innovative system solutions too? One thing I do note is that Cisco-branded telephones have suddenly become THE ubiquitous telephone standard. Even in movies and TV shows. So, that's one innovative market segment they exploited nicely, I think?

resistion
User Rank
CEO
re: Cisco to cut 6,500 jobs, sell plant
resistion   7/19/2011 11:43:08 PM
NO RATINGS
@Hyperdude, I think you hit the nail on the head. And ironically, layoffs could worsen the problem, by letting go resources they need most.

mcgrathdylan
User Rank
Blogger
re: Cisco to cut 6,500 jobs, sell plant
mcgrathdylan   7/19/2011 3:23:19 PM
NO RATINGS
@tunrayo- I think what Cisco is saying is that 15 percent of the 6,500 job cuts will be VPs or higher. In other words, about 975 of the layoffs will be people who are VP level and higher.

Page 1 / 3   >   >>
Most Recent Comments
Flash Poll
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Times on Twitter
EE Times Twitter Feed
Top Comments of the Week