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Cisco Systems Report Says 14,000 Layoffs Coming - 17 August 2016

Started by Admin(Portal), Aug 18, 2016, 05:14 AM

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Cisco Systems Report Says 14,000 Layoffs Coming - 17 August 2016

Followed by Intel information of 12,000 layoff . Now news around the tech industry or technological industry says cisco may layoff 14,000 employees worldwide. While announcing its revenue, cisco system may declare the layoffs. This layoff may disturb several industries like hcl technologies , infosys and many Indian Foreign collaborative mnc's / companies who were sucking money from these companies abroad and place employees at cheap price in poor countries like India for several years now by the name of staffing.

As reported in http://www.cnbc.com/2016/08/17/cisco-systems-to-lay-off-about-14000-employees-report.html
As reported in http://economictimes.indiatimes.com/news/et-tv/cisco-systems-to-lay-off-about-14000-employees/videoshow/53739893.cms
A.SK in short


Cisco Systems Report Says 14,000 Layoffs Coming

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Published on Aug 17, 2016
Citing sources close to the company, technology news site CRN reported Cisco Systems Inc is laying off about 14,000 employees. That huge number represents nearly 20 percent of the network equipment maker's global workforce.
Cisco is due to report fourth-quarter results later on Wednesday. The report said the company is expected to announce the cuts within the next few weeks.
If confirmed, it would be the second big tech industry layoff of a similar scale announced this year. In April, Intel Corp said that it would slash up to 12,000 jobs globally. That number represents 11 percent of its workforce.

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A.SK in short


Cisco Systems to lay off about 14000 employees - Tamil News

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Published on Aug 17, 2016

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A.SK in short


really bad like this big industry are layoff the staff with big list

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