On August 15 2013, Cisco announced that it would be laying off 5% of its workforce, or about 4000 employees. Some details:
- Cisco Q4 2013 earnings report does not mention layoffs
- Reuters: Cisco cutting 4,000 jobs
- Wall Street Journal: “We just have too much in the middle of the organization,” Mr. Chambers said.
- Techmeme leads with the WSJ story.
“Because we need to continue to accelerate how we capture growth opportunities, we are taking a series of actions such as reducing management layers, prioritizing R&D investments and a workforce reduction affecting about 4,000 employees, or 5 percent of our workforce.”
The Mercury News has a history of Cisco layoffs:
The 4,000 job cuts that Cisco Systems announced Wednesday are the latest in several major staff reductions by the San Jose networking company. Others include:
- July 2012: 1,300 jobs, about 2 percent of its global workforce
- July 2011: 6,500 jobs, 4,400 through layoffs and 2,100 through early retirement packages, representing 9 percent of its global workforce
- February 2009: 2,000 jobs out of a workforce of 66,560
- April 2001: 8,500 jobs, including 6,000 full-time employees and 2,500 contractors
There are more than 5,000 members on LinkedIn of the Cisco Alumni Association; if you are laid off in this round or if you had previously left Cisco, you are welcome to join.