Feeds

Cisco to axe 1,300 (more) employees worldwide

Why? 'To drive simplicity, speed of decisions and agility'

Secure remote control for conventional and virtual desktops

Networking megacorp and server wannabe Cisco Systems plans to lay off 1,300 workers – about 2 per cent of its global workforce.

The company did not immediately respond to our request for comment, but MarketWatch reports that head spokeswoman Karen Tillman downplayed the importance of the move in an emailed statement.

"We routinely review our business to determine where we need to align investment based on growth opportunities," Tillman wrote. "Additionally, we continue to evaluate our organizational structure as part of our plan to drive simplicity, speed of decisions and agility across Cisco."

The cuts, Tillman said, are actually "a focused set of limited restructurings," that "are part of a continuous process of simplifying the company."

One year and one week ago, Cisco announced that it would give pink slips to 4,400 employees, had reached early-retirement agreements with 2,100, and would sell a Mexican set-top box manufacturing plant with 5,000 workers to Foxconn.

A month after that announcement, the cuts reached the executive suite, with nearly one in five of its top execs taking the fall, along with 1,200 contract workers.

On Monday, the day when this latest job-cut announcement was made after the closing bell, Cisco's stock price had peaked at $16.15 on the NASDAQ exchange. At 5:30pm Eastern time, it had sunk to $15.84 in after-hours trading. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.