Cisco Systems will always cut more staff on, but after less than half of what had been announced by impresa: will be 5,500 jobs, representing 7% of the technology giant workforce. The purpose of this restructuring involves transferring resources to the fastest growing markets at a time of weak sales in traditional businesses based on hardware.
CEO Chuck Robbins, is trying to keep the backbone of the company, the business of the Internet and network enterprise communications systems, with a strategy that responds to what customers seek: and are increasingly alternative to the expensive hardware and software combinations. This restructuring can, according to Bloomberg, speed the company’s transition to be both provider of software, hardware and technology services based on the cloud , the cloud network .
Yesterday, I had been advanced by the CRN website that the company would dismiss 14 million people of about 73,000 workers who currently have. But then the number is much lower
Still, it is the third decision of its kind in a short time:. Two years ago, had already announced 6,000 job cuts in 2013 about 4,000 and a year before 1300 work stations. One of the major personnel restructuring so far had been to July 2011, when the company laid off 6,500 people.
Last summer 2015 nothing happened, but now there are new restructuring.
In exchange, Cisco’s shares have gained more than 15% in the last three months and even reached the highest in nine years this week, with each title to be worth 31, $ 23. After the presentation of results yesterday, the securities fell more than 1% in exchange for $ 30.72 each.
In its fourth fiscal quarter, which ended in July, the net income of Cisco rose to 2.8 billion dollars (about 2 5 billion), compared with 2.3 million the previous mi accounts.
sales fell 2% to 12 6 billion (EUR 1.1 billion).
Also recently, in late July, another technology giant, Microsoft , announced the cutting nearly 5,000 jobs in the mobile area.
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