Cisco Plans to Cut 5,500 Workers

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Cisco Plans to Cut 5,500 Workers

Postby Tom Nolette » Thu Aug 18, 2016 5:15 am

Cisco Plans to Cut 5,500 Workers
Company will incur $700 million of charges related to the cuts, which amount to 7% of its total workforce..

... Cisco and other hardware vendors have been hurt by changes at such customers, which have been struggling to pare costs while handling steadily increasing data traffic. In many cases, they are adopting a combination of networking software and less-expensive boxes running standard Intel Corp. microprocessor chips instead of special-purpose hardware that is Cisco’s specialty.

One poster child for the trend is AT&T Inc., which has been promoting software-based approaches that it says can allow the carrier to deploy services and respond to market changes faster than using standard hardware. John Donovan, its chief strategy officer and group president, appeared on stage in San Francisco Wednesday with Diane Bryant, an Intel executive vice president, to discuss plans to broaden the companies’ technical collaboration.

The software-based approach in the future “won’t be an afterthought,” Mr. Donovan said. “It will be the fabric.”

Cisco has acknowledged the trend and now allows customers to more easily program its hardware, an approach the company said has taken hold. But that software only works on Cisco equipment; many backers of what the industry calls software-defined networking favor programs that can work on equipment from multiple vendors.

The company also has been working on more offerings delivered as services, including forms of conferencing and collaboration and security offerings.

http://www.wsj.com/articles/cisco-annou ... 1471465487
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Re: Cisco Plans to Cut 5,500 Workers

Postby Mike Tomlin » Thu Aug 18, 2016 4:46 pm

If I learned anything while growing up in Pittsburgh in the 70's it was to never count on one job or industry to provide lifetime employment and benefits.
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