Cisco not EE (staff) friendly? - Page 1
Forum section: electronics / general

author: Rick Law
author_rank: Super Contributor
timestamp: August 18, 2016, 11:49:10 pm
content: I am sure many of you already know, yesterday, CISCO announced a 20% layoff. They are reducing their hardware business and moving to higher margin stuff - ie:software.Not good news for EE folks, I suppose?From foxbusiness.com:"Revenue fell to $12.64 billion from $12.84 billion....Technology news site CRN, citing sources close to the company, reported on Tuesday that Cisco planned to lay off about 14,000 employees, or nearly 20 percent of its workforce...."http://www.foxbusiness.com/markets/2016/08/17/cisco-announces-layoffs-as-revenue-slips.htmlFrom CRN:"Cisco Systems is laying off thousands of employees as it moves to drive software growth in new areas like security and internet of things, according to multiple sources close to the company...."http://www.crn.com/news/networking/300081750/sources-layoffs-coming-at-cisco.htm

author: ivaylo
author_rank: Frequent Contributor
timestamp: August 19, 2016, 06:06:56 am
content: If it's good for business it's good for everyone. Or something like that...

author: Rick Law
author_rank: Super Contributor
timestamp: August 19, 2016, 05:20:35 pm
content: Quote from: ivaylo on August 19, 2016, 06:06:56 amYeah, I thought there would be more thoughts from fellow forum members. But I suppose it is now a "what else is new."As we look ahead, I am not sure who would be left to do hardware except China and few other lower cost country. But where hardware goes, software would follow...

author: edavid
author_rank: Super Contributor
timestamp: August 19, 2016, 05:25:13 pm
content: The actual layoff is 7%, which is an annual event for Cisco

author: VK3DRB
author_rank: Super Contributor
timestamp: August 20, 2016, 03:58:31 am
content: Loyalty is dead. The likes of IBMkilled it. It's every man for himself in this brave new world.

author: Red Squirrel
author_rank: Super Contributor
timestamp: August 20, 2016, 04:22:50 am
content: It's sad to see how companies have gotten so greedy these days. Well they always have been but it's just getting worse and worse. There's zero loyalty, and no job security anymore. In the ~10 years I've been at my company I've seen my fair share of mass layoffs and restructuring, it's ridiculous. Leave stuff alone! Every time they do some kind of restructuring it also creates lot of logistical messes everywhere. Too many hands in the pot, and too many pots.There's one region that is ridiculously understaffed right now because of all the retirements, and they don't want to hire anybody else. Someone in my dept just quit as well, if they don't find someone internal to replace him really not sure what will happen. Getting lot of OT because of it though.

author: NiHaoMike
author_rank: Super Contributor
timestamp: August 20, 2016, 04:57:14 am
content: Cisco quality has went downhill years ago. I once worked on a test setup that had a Cisco AP and it wouldn't even work reliably on the 5GHz band so they disabled that. (Tried several firmware updates with no change.) I was told they are phasing out those Cisco APs from all the test setups and there's a good reason why. The replacements were mostly Netgears and TP-Links.