What’s The Future Of Cisco In New Hampshire?
Following the untimely death of the Flip camera, The Guardian (by way of the Associated Press) reports more cuts at Cisco. And this time it’s not technology. It’s jobs.
“Monday’s announcement to cut 6,500 of its 73,000 employees across the globe follows a plan disclosed in May to eliminate thousands of jobs. Two-thirds will come from redundancies and the rest through an early retirement plan. The company said 15% of employees at or above the level of vice president are being eliminated.”
The future of Cisco’s outpost in Bedford, near Manchester, is still unclear. Apparently American employees will know if they’ve got a job with San Jose-based Cisco sometime in early August.
The AP article also brings up a bit of interesting–and on-going–
David McNew / Getty Images News
Cisco Systems corporate headquarters in San Jose, California
chatter about the company.
“Cisco has long been a high-growth company, but after rebounding from the recession its sales started stalling about a year ago. Critics have long said that Cisco tries to compete in too many markets.”
New York Times tech writer David Pogue summed up the Cisco situation shortly after the company axed the Flip.
