Cisco Layoffs Rumors

Is that true? Any feedback is appreciated!. By Kurt Mackie; Cisco Integrated Security. (CSCO) stock quote, history, news and other vital information to help you with your stock trading and investing. The layoff rumor of Huawei emerged at the end of September, which said Huawei has made a layoff plan with the goal to control its employees within 150,000 people and 20,000 people are involved in merely the Carrier Network BG. Cisco soars but doesn't lift whole market. Robbins said the cuts are being made under a new strategy being implemented by recently. CISCO VPN MTU SETTINGS ★ Most Reliable VPN. Scroll through our layoff tracker below for a recap of cuts that occurred during the second half of 2018 and the start of 2019 at AT&T, Qualcomm, CA Technologies, Cisco and more. I didn't want to speculate on my blog, but it looks like the rumors I heard are true. First there were rumors of Cisco layoffs, and now we're hearing that Avaya, purveyor of VoIP systems for enterprise customers, might be shedding staff, or about to announce cuts, just before the festive season. mansion for $13. Does anyone inside actually know? When I was there I used to scrape that passwd file in a cron job and send the diffs to myself in email; this is how I knew hours before the layoffs actually happened in the old days. Login to help us fill in information about this entity. Cisco Lays Off 5,500. The latest Tweets from Brad Reese speaks out on REESE'S (@BradReese). Cisco Systems, Inc. Earnings-per-share profit is expected to come in at $2. For those who have been laid off, it sucks being cut without given a warning or for those who work hard and still get shown to the door. CISCO VPN MTU SETTINGS 100% Anonymous. Does anyone inside actually know? When I was there I used to scrape that passwd file in a cron job and send the diffs to myself in email; this is how I knew hours before the layoffs actually happened in the old days. As competitors, including Juniper Networks and Brocade Communications Systems (through its acquisition of Foundry Networks), gear up to chip away at Cisco's long-held dominance in enterprise networking, there are unconfirmed reports that the networking giant is shedding staff across multiple business units. and all the companies you research at NASDAQ. That’s all I have for you. Many of us work at Cisco not for the money or the technology (primarily) but for the thought that we work for a corporation that has a soul. January 11, 2019, 7:29 PM UTC Rumors are always interesting, but they’re seldom right. Juniper recently disclosed plans to enact measures to cut $150 million in expenses. It wasn't the first rumor about this massive layoff, but the most substantiated. The Layoff discussion - User says: ``Cisco Acquisitions Rumors 2019'' regarding Cisco Systems Inc. Unconfirmed rumor Cisco offered $2. The latest layoffs, which include senior engineers and numerous senior-level positions, follow five years of cost-cutting at Cisco and come amid a shift away from hardware to software and services. Cisco Systems, Inc. NetApp Rumors? NetApp Net Worth is 14. Nortel Networks Corp. Microsoft may be preparing to execute its biggest job cuts to date, according to press accounts. Bon Ton 3585 S. Asked if there would be layoffs, one executive said only that the firm was "considering a lot of options. Stream Any Content. How Analysts View Cisco After Earnings and Layoffs However everything was not roses as the company also confirmed rumors that significant layoffs were about to take place. What's more, Dell warned in December that it would cut as many as. Does anyone inside actually know? When I was there I used to scrape that passwd file in a cron job and send the diffs to myself in email; this is how I knew hours before the layoffs actually happened in the old days. Cisco said it would shed 5,500 employees—7% of its workforce—in the networking company's latest reaction to a shift in its core market from hardware to software. Employees will be laid off over two weeks. The latest buzz suggests the. Juniper recently disclosed plans to enact measures to cut $150 million in expenses. Anonymous said Huge amount of Layoffs today. Rumors of eventual layoffs have therefore been swirling throughout the company. Increasing revenues over time are generally a good sign of company's growth. By providing your number, you agree to receive cisco vpn client windows 10 help a cisco vpn client windows 10 help one-time automated text message with a cisco vpn client windows 10 help link cisco vpn client windows 10 help to get the 1 last update 2019/10/24 app. Let's use this post to help them and refer them at our companies, you will get your referral bonus as well Tagged Uber because of latest layoffs and Amazon just that this post reaches more people. (CSCO) stock quote, history, news and other vital information to help you with your stock trading and investing. Cisco's recent success in offering managed services to customers has. Bon Ton 3585 S. News of corporate layoffs. (NYSE/Toronto: NT) may be preparing yet another round of layoffs, according to sources close to the company. Login to help us fill in information about this entity. Don Clark at the Wall Street Journal has more on the industry-wide transformation motivating Cisco to change course:. In its third quarter 2017 earnings report, Cisco said it would lay off 1,100 employees by November 2017 as part of a restructuring plan. 04, compared to the year-ago $2. Unconfirmed rumors of significant layoffs at Juniper Networks are making the rounds. Timely news source for technology related news with a heavy slant towards Linux and Open Source issues. Rumors of a huge layoff at Motorola Mobility were confirmed today by a Lenovo/Motorola representative. Despite the fact that they insist internally and externally that this is all about a transition to software, cloud, and new innovative frontiers, in fact Cisco has been losing (and la. Cisco reported its fiscal Q4 quarterly earnings yesterday, posting revenues of $12. Cisco is planning to lay off thousands of employees worldwide as the company continues to morph into a software-centric company, sources said. That's in addition to 5,500 job cuts announced in August 2016. stocks finished higher on Friday after progress on a "phase 1" U. Pearson / Eng Atin1ayDad more. April 15 - LA school board votes to lay off 5,400 - UBS to cut 8,700 - Air France-KLM to chop 3,000 - ArcelorMittal to cut 400 Indiana workers - Hawker: More layoffs on the way - More Cisco and Yahoo layoffs?. 8 million, reports Realtor. The main products include networking devices, networking management software, optical networking, storage area networks, wireless/telepresence, VOIP and. Cisco Pay - post regarding Cisco Systems Inc. Julie Bort. Cisco reports its fourth quarter earnings on Wednesday, and rumors have begun circulating that another round of layoffs are coming, maybe announced next week, maybe in October. Though the dates of layoff are not certain, the rumors are that Satyam Layoffs may happen in next one month. Cisco's stock is up 18% this year. Workforce Reduction of Approximately 6,500 Employees As part of the company's $1 billion annual. The latest layoffs, which include senior engineers and numerous senior-level positions, follow five years of cost-cutting at Cisco and come amid a shift away from hardware to software and services. Level 3 Layoff Rumors I received some information from a source claiming to work for Level 3 Communications layoffs, level 3, network, voip. AI comes for healthcare. Find the latest Cisco Systems, Inc. Cisco is slowly transitioning from a hw to a sw company out of necessity. is a large advanced technology company with the main office located in San Jose, California. This requires a shift from one time hw sales to recurring revenue (which is not easy for a large ship like Cisco, but financial analysts support the shift) If you like Cisco and want to be where the action is at, check out the new Customer Success group. Until there's more… MapR has postponed the Dataware symposium it had scheduled for May 23. COUNTY: Lehigh # AFFECTED: 51 LAYOFF EFFECTIVE DATE: Unknown CLOSING OR LAYOFF: Closure. 1 billion charge because of U. BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for six years running. Bon Ton 3585 S. Chang previously served as CEO of Accompany, which Cisco bought. The new round of layoffs comes on top of the. Cisco's (CSCO) stock rallied more than 10% following a blowout quarter. I didn't want to speculate on my blog, but it looks like the rumors I heard are true. Rob, This rumor of widespread Oracle layoffs related to elimination of Solaris/SPARC business seems to have "legs" drawing many comments. These are rumors and we make no claim to their legitimacy. In reality, the figure is 5,500 positions, the networking company confirmed in an earnings report. Microsoft layoff and cut-backs and Reduction In Force rumors. Cisco, the American internet giant, is rumored to be laying off workers in its Chinese branch. RiverDelta last week confirmed May 18 layoffs affecting about 20 percent of its staff, or about 50 employees. ” Trump is considering raising tariffs to 25%. UPDATE 3-Sweden's Handelsbanken to cut 800 jobs, pull out of Asia and Germany. Cisco reports its fourth quarter earnings on Wednesday, and rumors have begun circulating that another round of layoffs are coming, maybe announced next week, maybe in October. Jun 19, 2018 · American Airlines is preparing for some management-level layoffs and buyouts in an effort to slim down five years after its merger with US Airways, the airline told employees on Tuesday. Twitter: Rumors about 300 Twitter staff cuts surfaced on Oct. At the end of last week, Microsoft acquired Israel-based Cloudyn, which offers management and monitoring tools to allow firms to monitor cloud usage and track budgets. Pearson / Eng Atin1ayDad more. is a large advanced technology company with the main office located in San Jose, California. The new round of layoffs comes on top of the. The company's. Rumors arose. View real-time stock prices and stock quotes for a full financial overview. Cisco could be ramping up for its largest layoff ever, according to news reports. But a source did tell us that Cisco is working on a reorganization of some of its. There's A Fresh Crop Of Rumors That Cisco CEO John Chambers Will Soon Announce His Retirement And Reorg The Company. Tech layoffs: The real numbers aren’t so bad that at about 4,200 and reported rumors that it could soar as high as 16,000. Cisco Lays Off 500 Workers. “TheMaven,” which licensed the sports journal from AB in June, is looking to overhaul the magazine’s production, according to the Wall Street Journal. That’s all I have for you. These are supposed to be the first round of layoffs, which are expected to reach about 2,000 employees company-wide. CBS Sports has the latest NHL Hockey news, live scores, player stats, standings, fantasy games, and projections. 6 Billion Deal News of corporate layoffs. April 14, 2009 / 2:51 PM / 10 years ago. They did come from credible sources. This is not rumor this is fact 5:10 PM, January 09, 2009 Anonymous said Worked at SAP and ORCL in the recent past and still keep in touch. Ericsson layoffs: Find Latest Stories, Special Reports, News & Pictures on Ericsson layoffs. Recent news of deep layoffs at Citrix -- including at the senior level -- has likely been overblown. Layoffs coming to BlackBerry could reach 40% But analyst says layoffs might be 40% only in Canada, with many jobs moved to the U. Employees will be laid off over two weeks. Read expert opinions, top news, insights and trends on The Economic Times. Mary Jo Foley has covered the tech industry for 30 years for a variety of publications, including ZDNet, eWeek and Baseline. This author identified Cisco Systems Inc. To that end, share market data and competitive information. co/UpVa7ekCfm supports accurate facts about REESE'S. General Motors Corp. Exclusive Cisco has confirmed to The Register it launched a round of layoffs on Monday, effectively slashing its Customer Experience (CX) team, after insiders alerted us to the cuts. Cisco in a nutshell • Started in 1984 by two Stanford graduates: Sandra Lerner(Stanford Business School)and Leonard Bosack (CS Department). WeWork's Claure warns layoffs are coming. To that end, share market data and competitive information. Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to. Juniper recently disclosed plans to enact measures to cut $150 million in expenses. Cisco Systems, the nation's biggest maker of computer networking equipment, began a new round of layoffs this week in the Triangle as part of a previously announced global restructuring that's. Rumor CCIEs working for Cisco India TAC are certification cheats. News Now Update. Oracle declined our request for comment. Our people, products and partners help society securely connect and seize tomorrow's. Cisco reports its fourth quarter earnings on Wednesday, and rumours have begun circulating that another round of layoffs are coming, maybe announced next week, maybe in October. Rumors of Cisco laying off 14,000 employees turned out to be greatly exaggerated. Unconfirmed rumor Cisco offered $2. Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to. Møller - Mærsk A/S. SAN JOSE, Calif. Tech Rumor of the Day: Cisco Layoffs. The latest Tweets from Brad Reese speaks out on REESE'S (@BradReese). 1 billion charge because of U. Rumors $ Spinoffs $ Macro Commodities $ Economic Data $ Fed $ Cisco Systems (CSCO) to Acquire Acacia Communications (ACIA) for $70 Per Share in $2. com Deere & Co. 5 billion to buy Palo Alto Networks and was turned down Tue, 7/24/12 - 8:00pm Cisco, London taxi cabs and Reese's Peanut Butter Cups Tue, 7/24/12 - 5:30am Unconfirmed rumor Cisco is laying off 1,600 WAAS engineers and sales team members Mon, 7/23/12 - 1:59pm View the insiders cashing in IPO shares at Palo Alto. The new round of layoffs comes on top of the 5,500 jobs Cisco announced it was cutting in August. Uber's Layoff Total Rises Past 1,000 With Latest Cuts. I spent some time poking around the "Layoff Talk" section, and I have to admit, it was hard to pull myself away. A2A: Brad Reese appears to have a Quora account, so in case he doesn't answer this question, I'll take a stab at it, from being a faithful reader of his blog. Cisco is building an industry-leading portfolio of optical, silicon, and software technologies to advance our intent-based networking, and Acacia's coherent optics technology will build on the strength of that portfolio. Here are five major companies that have suffered major tech layoffs and are doing what they can to stay afloat in this sector. Cisco had about 66,000 employees at the end of 2008. Cisco confirmed it is trimming an additional 500 jobs from its workforce, adding to the multiple rounds of layoffs the networking giant has undergone over the past two. Juniper recently disclosed plans to enact measures to cut $150 million in expenses. After reporting the largest quarterly loss in its 73 year history in August, Hewlett-Packard is expected to cut 2,000 more jobs than they had previously anticipated. Though the dates of layoff are not certain, the rumors are that Satyam Layoffs may happen in next one month. Cisco CEO John Chambers Fortune Brainstorm TECH 2014 Cisco reports its fourth quarter earnings on Wednesday, and rumors have begun circulating that another round of layoffs are coming, maybe. ADOTAS — Considering the recent massive layoffs that traumatized everyone, even those that survived, there was hope that the new year would at least give some respite. San Jose, California-based Cisco is expected to announce the cuts within the. If layoffs become necessary, people won’t be shocked if they have been able to see them coming. Cisco 6-month FY16 sales soared +$428 million (+1. Cisco is expected to report earnings. Cisco Pay - post regarding Cisco Systems Inc. government is weighing a ban of telecommunications equipment from Huawei amid rumors of State, Defense, and Commerce department officials at the show. Notification of managers and closely related parties’ transactions with A. As we’ve done with other companies, we took a look at reviews for Cisco from the past three months, and found that employee sentiment remains neutral toward the company and the CEO and that concern over layoffs seems to be mentioned rarely among Cisco company reviews submitted by employees. Between 200. Cisco reports its fourth quarter earnings on Wednesday, and rumours have begun circulating that another round of layoffs are coming, maybe announced next week, maybe in October. The announcement partly confirmed rumors that had circulated earlier in the day of impending downsizing at Cisco, though the rumors had wildly inflated the expected number of layoffs. 77%) year-over-year. 96 billion in revenues, down 3. Cisco Systems, Inc. Biggest tech industry layoffs of 2012. June Not a Complete Loss, But July Gets Cisco Layoff Rumors John Zappe July 12, 2011 July 22, 2015 Layoff news today about Cisco and and better news from The Conference Board. In reality, the figure is 5,500 positions, the networking company confirmed in an earnings report. Uber has just laid off around 350 employees across a variety of teams within the organization, marking what the company says is its third and final phase of layoffs of the process it began earlier thi. (NASDAQ: CSCO) may be back to conducting layoffs. Layoff rumors have been swirling around Cisco for the past 24 hours or so, following a CRN report that the company planned to cut 14,000 positions. Cisco is planning to lay off thousands of employees worldwide as the company continues to morph into a software-centric company, sources said. On August 28th, Ganesh V. We can't confirm those rumors, which stem from an anonymous source who tipped off Cisco blogger Brad Reese. SAN JOSE, Calif. Bon Ton 3585 S. Cisco Systems, Inc. But there are some off-stage distractions. As we’ve done with other companies, we took a look at reviews for Cisco from the past three months, and found that employee sentiment remains neutral toward the company and the CEO and that concern over layoffs seems to be mentioned rarely among Cisco company reviews submitted by employees. Ericsson layoffs: Find Latest Stories, Special Reports, News & Pictures on Ericsson layoffs. In a prepared statement about the cuts, Cisco said:. Cisco reports its fourth quarter earnings on Wednesday, and rumors have begun circulating that another round of layoffs are coming, maybe announced next week, maybe in October. and all the companies you research at NASDAQ. Sources: Layoffs Coming At Cisco. said on Wednesday that it will cut an additional 1,100 employees as part of an expanded restructuring plan. With 7 consecutive quarters of declining revenue it's the only way to make Wall Street expectations. Walmart’s plan to cut its ranks is the latest ripple in a wave of job cuts. Layoff rumors swirl around Yahoo Some managers at Yahoo say they're unfazed by the rumors. The France family, we're locked and loaded in. We can't confirm. After reporting the largest quarterly loss in its 73 year history in August, Hewlett-Packard is expected to cut 2,000 more jobs than they had previously anticipated. pay is not bad if company's revenue is good. 42 per share but had hoped to earn $0. Scroll through our layoff tracker below for a recap of cuts that occurred during the second half of 2018 and the start of 2019 at AT&T, Qualcomm, CA Technologies, Cisco and more. Employees will be laid off over two weeks. Cisco Systems Inc. Cisco to Layoff 5. But it was Simon Phipps, who led Solaris development at Sun Microsystems from 2005 to 2010, who seems to have been the first to report the news publically. Posted by Daniel Cisco will be laying off over 600 workers at it's San Jose headquarters. But with quarterly numbers ready to come out, the layoff rumors and speculation has ramped up and targeted two behomeths. That amounted to about 7 per cent of its. Wed, Oct 23rd 2019. layoffs Toggle navigation. Last June there. Cisco Confirms More Layoffs. - July 18, 2011 - Cisco today announced additional details of its comprehensive action plan to simplify the organization, refine operations, and reduce annual operating expenses. – the world’s largest maker of computer networking equipment – is facing the likelihood of sweeping layoffs. Cisco has developed a brand of company doing regular layoffs, not ERs. Following the leave of NIO’s North American CEO Padmasree Warrior in late 2018, recently, North American branch broke the rumors of massive layoffs. Layoffs: Downsizing related discussion, postings, questions and answers. Cisco layoffs Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Sprint Newsroom official site for press releases, photos, video, audio, pr contact information, presskits and more. Within Cisco and within networking support industry. Mike: The rumor mill is buzzing with Microsoft layoff rumors. Notification of managers and closely related parties’ transactions with A. Related Articles Hewlett Packard Enterprise may be in line for 5,000 job cuts. Level 3's backbone is used by several VoIP players, so what does this mean for the. Cisco was an ideal suitor in the past, but it has had major struggles in the networking and hardware space, as well as numerous layoffs. com, Mark Walker, head of Yahoo News, said he's not worried. that included senior positions. 40% from 2013, when it reported $48. Wed, Oct 23rd 2019. (NYSE/Toronto: NT) may be preparing yet another round of layoffs, according to sources close to the company. -based federal solution provider Leidos hinted at layoffs and business divestitures as the company looks to. There's unconfirmed rumors that the layoffs include three of Cisco's top EMC business alliance execs, Cisco blogger Brad Reese reports. The cuts come on top of the 5,500 job cuts, or , announced in August 2016, the. workers by the end of this calendar year, but analysts who cover IBM doubt the report is accurate. Pricing power, data center strength, and higher spending from enterprise customers and government agencies helped Cisco Systems Inc. Cisco said the layoffs are not related to the trouble economy. Rumors on the. Microsoft Mum on Rumored Layoffs. News about Layoffs and Job Reductions, including commentary and archival articles published in The New York Times. In a press release today, the company revealed it plans to lay of 6,500. Posted by Daniel Cisco will be laying off over 600 workers at it's San Jose headquarters. Cisco Systems Inc. Chinese telecommunications giant Huawei has reportedly reduced the number of its personnel that has links to the U. If true, the rumors would mark the first major concession that Cisco has made to the recession since December, when the company. The Santa Clara-based network monitoring company is laying off 74. Leidos Hints At Layoffs, Business Divestitures As Federal Revenues Drop. Employers must comply with both laws if they both apply. Finnish telecom giant Nokia and U. So were shares of big bank Wells Fargo , drug giant Merck and German industrial conglomerate Siemens. There is a better and less costly solution. (Prime example: I was warned two weeks ahead of time that layoffs were happening by a coworker who was an old friend of one of the upper management types. How Cloud-Based Radio Finally. Cisco-RIM Rumors Heat Up Again. The layoffs included 310 staff cuts in September 2017 and 1,100 layoffs in May 2017. I spent some time poking around the "Layoff Talk" section, and I have to admit, it was hard to pull myself away. Cognizant layoffs: Gloom continues, jobs in tech and IT companies dry up Cognizant is not the only company, the past few months saw layoff announcements at some of the world’s best companies. Cisco had about 66,000 employees at the end of 2008. But I did reach out to their PR folks to ask them what was going on. Whitehall, PA 18052. In reality, the figure is 5,500 positions, the networking company confirmed in an earnings report. He also gives a. Do you send exciting and timely information to your special emailing group? How about joining the Rumor Mill News Yahoo Group and start sending RMN your emails? Click to join RUMORMILLNEWS. Cisco reports its fourth quarter earnings on Wednesday, and rumours have begun circulating that another round of layoffs are coming, maybe announced next week, maybe in October. The layoffs included 310 staff cuts in September 2017 and 1,100 layoffs in May 2017. The new round of layoffs comes on top of the. in a bid to alleviate the risks of spied by U. Cisco has been reducing staff every year for several years now. Despite having billions in cash, cisco had to show their stockholders they were serious about change (change is always good right?). Timely news source for technology related news with a heavy slant towards Linux and Open Source issues. Cisco could be ramping up for its largest layoff ever, according to news reports. com Cisco Systems, Inc. (Prime example: I was warned two weeks ahead of time that layoffs were happening by a coworker who was an old friend of one of the upper management types. Business Insider logo The words "Business Insider". But the company may need to pack a lot more punch than a simpler, cheaper switch to take on the very loud fears in Las Vegas this week around rumors of a 10,000-employee layoff combined with the fact that Cisco's share of the Ethernet switching market slipped to 68. Cisco on Wednesday saw its stock jump 6 percent after the company. [email protected] There's An Unconfirmed Rumor That A Big Layoff May Be Coming At Cisco Business Insider ^ | 8/8/2014 | JULIE BORT Posted on 08/08/2014 7:05:57 PM PDT by markomalley. Whitehall, PA 18052. All told, between 1,500 and 2,000 layoffs are expected worldwide as a result of current economic conditions. While a bit obvious, if a lemonade company has sold 30 million. There's unconfirmed rumors that the layoffs include three of Cisco's top EMC Cisco has been doing ongoing targeted layoffs since its slid into a. Correct me if I am wrong with confusing reorganizations with layoffs as they may not be synonymous Out of curiosity - how many rounds of layoffs have you between through throughout your career?. Find the latest Cisco Systems, Inc. I've heard the ASIC team in Sunnyvale is down 50%, some to fungible and done just cut. Julie Bort. 04, compared to the year-ago $2. But no salary raise for a long time. Instead, it’s basically a litany of complaints and rumors, often of dubious accuracy. Work Adjustment and Retraining Notification (WARN) Log Year 2019 - Division of Workforce Development & Adult Learning. By Kurt Mackie; Cisco Integrated Security. As you'd expect, the layoff section isn't the place for thoughtful, balanced discussion about a company's pluses and minuses. So pour yourself some holiday cheer and dive in. So, now the expectation is that Cisco. WeWork's Claure warns layoffs are coming. Finnish telecom giant Nokia and US technology conglomerate Cisco denied reports of significant layoffs in China when contacted by the Global Times on Thursday. com, Mark Walker, head of Yahoo News, said he's not worried. Since 2001, the company has sold, and acquired several companies to support its current Read more about Avaya Rumors Avaya Latest News. Fast Servers in 94 Countries. Layoff rumors have been swirling around Cisco for the past 24 hours or so, following a CRN report that the company planned to cut 14,000 positions. The latest cuts, 310 positions at headquarters, apparently are over and above those earlier layoffs. A layoff indicates a failure (of planning, of budgeting, or whatever) at a much higher level of the organization than you. Rumors had been circulating since April that Cisco was going to lay off more workers than it initially planned. Rumors are all the time. Rumors and second-hand speculation and the comments left by the fine, good-looking folks who participate in the conversation here. ” The incident fermented with more rumors appearing on social media. In a press release today, the company revealed it plans to lay of 6,500. Cisco Layoffs Job Cut: may fire 3000 employees;. According to insiders, "Right now there have been layoffs in Shanghai department. What have those fine folks been sharing over the past couple of posts. Oracle declined our request for comment. The latest Tweets from Brad Reese speaks out on REESE’S (@BradReese). Cisco's CEO John Chambers no longer dictates the moves in the broader stock market. (Reuters) - Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company. Rumors that McAfee might be acquired have been on a low boil for some time, but they heated up markedly toward the end of June. [email protected] Despite assertions by CEO John Roth this past July that Nortel's. Stock rises. today announced that it would cut some 12,000 jobs—that’s 11 percent of its total workforce—by mid-2017, with the majority of those affected getting the bad news within the next. 1 billion charge because of U. government is weighing a ban of telecommunications equipment from Huawei amid rumors of State, Defense, and Commerce department officials at the show. What have those fine folks been sharing over the past couple of posts. Stocks were relatively flat Thursday. Breaking: Skype To Appoint A New CEO, Cisco SVP. As companies move to cloud computing and mobile applications, expect more job cuts in the tech sector. For those who have been laid off, it sucks being cut without given a warning or for those who work hard and still get shown to the door. But it was Simon Phipps, who led Solaris development at Sun Microsystems from 2005 to 2010, who seems to have been the first to report the news publically. If accurate, the report highlights ongoing stress in the IT services market — where IT consulting giants are rebalancing or outright reducing headcount amid massive shifts toward IT automation and cloud. 5K Employees – 7% of its Global Workforce Networking major Cisco Systems is laying off 7% of its workforce- 5,500 employees-as part of a restructuring plan. The announcement partly confirmed rumors that had circulated earlier in the day of impending downsizing at Cisco, though the rumors had wildly inflated the expected number of layoffs. Cisco’s overall business has been moving in the right direction and gaining momentum on the subscription services front. Intel Official News and Information. 7 million cash bonus. COUNTY: Lehigh # AFFECTED: 51 LAYOFF EFFECTIVE DATE: Unknown CLOSING OR LAYOFF: Closure. American Airlines is preparing for some management-level layoffs and buyouts in an effort to slim down five years after its merger with US Airways, the airline told employees on Tuesday. (CSCO), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Cisco had about 66,000 employees at the end of 2008. Uncorroborated and perhaps spurious reports suggest that Cisco is paring some staff in the United States, apparently in response to slowing sales to enterprise customers, especially those in the financial-services industry. Nortel Networks Corp. Microsoft layoff and cut-backs and Reduction In Force rumors. -China trade deal helped push the S&P 500 temporarily above. Major Layoffs are planned for October. Julie Bort. If you have spent more than 1 year in CX and are loving the 500 peanuts you make selling your weekends do yourself a. Cisco layoff likely to impact India R&D India R&D centre, founded in 2007 and called the Globalization Centre East -Cisco even calls it its second global headquarters -has done some successful developments. A story in The Register reported rumors of Citrix layoffs across the U.