Cisco is firmly cut in its expenditure. Fifteen percent of the jobs will disappear. Approximately 4400 employees to be dismissed and 2100 to go with early retirement. The 5000 employees of a factory in Mexico to go to Foxconn.
Last week, Bloomberg noted that Cisco is a mass-resignation was preparing and Cisco has that Monday is confirmed. The above numbers differ; where, according to Bloomberg 7000 people are fired, prove that there will eventually be 4400. 2100 people are going to take early retirement and the sale of a factory in Mexico to be 5000 employees transferred to Foxconn, that that company takes over.
Cisco does not indicate whether there are also jobs in the Netherlands and Belgium would disappear. The company has to let you know that there is more clarity on the cuts comes on the 10th of August, when the company’s results for the third quarter of this financial year, disclose. The cuts should be 1 billion dollars.
In may, it announced that Cisco that jobs wanted to delete, but numbers were not mentioned. Although the revenue of Cisco this year probably with a 7 percent increase, the company from San Francisco’s market share will be lost. In the market for switches lost the manufacturer’s site (HP; the market share of Cisco fell in a year by 5.8 percentage points to 68.5 percent. In the routermarkt decreased the market share by 6.4 percentage points to 54,2%, while competitor Juniper understand market share captured.