Cisco may be going to 10,000 jobs, reports Bloomberg. 7000 people would be at the end of August be fired; 3000 employees get early retirement. The savings every year, a billion dollars.
Bloomberg reports on the basis of anonymous sources that Cisco may have ten thousand employees are going to dismiss, approximately 14 percent of the total workforce. Three thousand employees would take early retirement have been accepted, but according to the sources, hit a further seven thousand employees at the end of August, their jobs lost. The saving must be a billion dollars per year.
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 seven 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.
In april, Cisco to the the production of Flip cameras would stop. The company would focus more on its core business focus. Two years earlier, bought Cisco, the company behind the camcorders are still for 590 million dollars.