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Cisco cuts nearly 13,000 jobs, restructures

Zibodiz (2160038) writes | more than 2 years ago

Hardware 0

Zibodiz writes ""Cisco Systems emerged from 150 days of restructuring on Tuesday as an aggressive competitor, laying out some of the problems that led it to make changes, while saying its rivals are in even worse predicaments.

The dominant networking company started to streamline its operations and refocus itself on a few core businesses earlier this year after posting disappointing financial results. The subsequent restructuring shut down its Flip consumer camcorder unit and other businesses and eliminated 12,900 jobs, with almost 23,000 employees moved in the process. Executives laid out some more details on Tuesday at Cisco's annual financial analyst conference in San Jose, California.

Cisco's five areas of focus now are its core routing and switching business, collaboration, data-center virtualization, video, and tying these elements together in an overall architecture."

Perhaps the most interesting thing to me is that Cisco had 12,900 employees that were doing things other than "routing and switching, collaboration, virtualization, video, and ...architecture"."

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