Cisco to lay off 550 employees
By BPO Watch India Bureau
April 13, 2011
April 13, 2011
Cisco will lay off 550 employees and close down Flip, the digital video camera firm it acquired in March 2009, as part of a restructuring of its consumer business.
The restructuring would see the networking technologies major focus on key areas that include core routing, switching and services, collaboration, architectures and video, said The Economic Times.
The layoff is likely to take place in the fourth quarter of the 2011 financial year, said the report quoting a company statement.
Cisco Chairman and CEO John Chambers said these measures are part of an effort to align operations in support it the company’s network-centric platform strategy.
Less than a week ago, Chambers had said he had to make “tough decisions” on spending and the measures announced on Tuesday are among the first towards a reorganisation of the company.
Cisco aims to combine its Umi home teleconferencing service with the TelePresence business product. It also plans to change the way it manufactures the Linksys networking equipment.
However, it is too early to estimate the impact of these measures on Indian operations, said a Cisco India spokesperson.
The restructuring would see the networking technologies major focus on key areas that include core routing, switching and services, collaboration, architectures and video, said The Economic Times.
The layoff is likely to take place in the fourth quarter of the 2011 financial year, said the report quoting a company statement.
Cisco Chairman and CEO John Chambers said these measures are part of an effort to align operations in support it the company’s network-centric platform strategy.
Less than a week ago, Chambers had said he had to make “tough decisions” on spending and the measures announced on Tuesday are among the first towards a reorganisation of the company.
Cisco aims to combine its Umi home teleconferencing service with the TelePresence business product. It also plans to change the way it manufactures the Linksys networking equipment.
However, it is too early to estimate the impact of these measures on Indian operations, said a Cisco India spokesperson.
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