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Cisco Plans to Cut Workforce by 11,500 to Slash Costs

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Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by Guest on Mon Jul 18, 2011 8:50 pm

Cisco Systems plans to cut its workforce by 11,500 employees as part of its plan to cut annual expenses by $1 billion and revive its business.

Analysts had predicted thousands of job cuts after Cisco said in May that it planned to reorganize the company which has been losing ground in the network equipment business.

The company announced more cuts than some analysts expected.

http://www.cnbc.com/id/43800031

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by evw59 on Mon Jul 18, 2011 8:53 pm

DesperateInRI wrote:
Cisco Systems plans to cut its workforce by 11,500 employees as part of its plan to cut annual expenses by $1 billion and revive its business.

Analysts had predicted thousands of job cuts after Cisco said in May that it planned to reorganize the company which has been losing ground in the network equipment business.

The company announced more cuts than some analysts expected.

http://www.cnbc.com/id/43800031
Borders is closing; 11,000 more unemployed.....

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by Guest on Mon Jul 18, 2011 8:54 pm

evw59 wrote:
DesperateInRI wrote:
Cisco Systems plans to cut its workforce by 11,500 employees as part of its plan to cut annual expenses by $1 billion and revive its business.

Analysts had predicted thousands of job cuts after Cisco said in May that it planned to reorganize the company which has been losing ground in the network equipment business.

The company announced more cuts than some analysts expected.

http://www.cnbc.com/id/43800031
Borders is closing; 11,000 more unemployed.....
Just read that! They are closing some as soon as Friday!


Borders Calls Off Auction, Plans to Liquidate

What is left to unwind are Borders' 399 stores, about two-thirds of the locations it operated when it filed for bankruptcy in February. It currently has 10,700 employees.

Borders will begin closing down its remaining stores as soon as Friday, and the liquidation is expected to run through September.

http://finance.yahoo.com/news/Borders-Calls-Off-Auction-nytimes-1678947798.html?x=0

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by rprp on Mon Jul 18, 2011 10:44 pm

More good news... Crying or Very sad

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by mistermunster on Mon Jul 18, 2011 10:51 pm

That right...lets PROFIT by cutting the workforce. Once corps decided that THIS was a WAY to make money. THE VERY SYSTEM OF CAPITALISM WAS DOOMED TO FAIL FOR THE REST OF US.
Never mind that whole BS of TRYING to generate $$$$ by doing a better job or making a better product. GOPers are the same way. Never mind generating NEW tax revenue. Lets just cut cut and CUT so save what we have.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by couth11 on Tue Jul 19, 2011 12:52 am

Oh, no...this is NOT a depression! No sirreee. Why, the recession was over two years ago, didn't someone tell ya?

Since this is all a figment of my imagination, tomorrow, I will wake up solvent with lots of money in my bank account, a fabulous job, a decent living situation, the ability to take care of myself, my loved ones and my community. I will read the morning paper, and find our GOP is staffed by people who love this country, and human rights aren't a whim. And all across the country, the rest of us are waking up to the same kind of morning.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by mistermunster on Tue Jul 19, 2011 1:04 am

couth11 wrote:

Since this is all a figment of my imagination, tomorrow, I will wake up solvent with lots of money in my bank account, a fabulous job, a decent living situation, the ability to take care of myself, my loved ones and my community. I will read the morning paper, and find our GOP is staffed by people who love this country, and human rights aren't a whim. And all across the country, the rest of us are waking up to the same kind of morning.

Can you PLEASE send me some of the meds your on!!!!! Laughing Laughing Laughing I need to visit GEE WIZ HAPPY LAND TOO Very Happy

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by USA Citizen on Tue Jul 19, 2011 1:36 am

Unemployed people don't buy new books or routers. The U.S. economy is imploding just as the corporate elite planned. Knocking down the American worker is just the first domino. Then businesses fail because the unemployed American worker can't buy anything. Then the government fails because the American workers can't pay taxes and the big banks and very rich don't have to pay taxes. Whose idea was this anyway?

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by mistermunster on Tue Jul 19, 2011 1:59 am

USA Citizen wrote:Unemployed people don't buy new books or routers. The U.S. economy is imploding just as the corporate elite planned. Knocking down the American worker is just the first domino. Then businesses fail because the unemployed American worker can't buy anything. Then the government fails because the American workers can't pay taxes and the big banks and very rich don't have to pay taxes. Whose idea was this anyway?

The rich ELITE capitalists, It's been their plan since 1917.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by couth11 on Tue Jul 19, 2011 2:12 am

mistermunster wrote:
couth11 wrote:

Since this is all a figment of my imagination, tomorrow, I will wake up solvent with lots of money in my bank account, a fabulous job, a decent living situation, the ability to take care of myself, my loved ones and my community. I will read the morning paper, and find our GOP is staffed by people who love this country, and human rights aren't a whim. And all across the country, the rest of us are waking up to the same kind of morning.

Can you PLEASE send me some of the meds your on!!!!! Laughing Laughing Laughing I need to visit GEE WIZ HAPPY LAND TOO Very Happy
You intentionally left out the first paragraph. Play nice. All of us get slammed daily- no need to go after each other, is there?

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by mistermunster on Tue Jul 19, 2011 2:19 am

couth11 wrote:
mistermunster wrote:
couth11 wrote:

Since this is all a figment of my imagination, tomorrow, I will wake up solvent with lots of money in my bank account, a fabulous job, a decent living situation, the ability to take care of myself, my loved ones and my community. I will read the morning paper, and find our GOP is staffed by people who love this country, and human rights aren't a whim. And all across the country, the rest of us are waking up to the same kind of morning.

Can you PLEASE send me some of the meds your on!!!!! Laughing Laughing Laughing I need to visit GEE WIZ HAPPY LAND TOO Very Happy
You intentionally left out the first paragraph. Play nice. All of us get slammed daily- no need to go after each other, is there?

Naw just being facetious & pulling your chain. I could use a trip to GEE WIZ HAPPY LAND right about now. Getting tired of this stinking REALITY or is it INSANITY? I can't tell anymore

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by couth11 on Tue Jul 19, 2011 2:39 am

mistermunster wrote:
couth11 wrote:
mistermunster wrote:
couth11 wrote:

Since this is all a figment of my imagination, tomorrow, I will wake up solvent with lots of money in my bank account, a fabulous job, a decent living situation, the ability to take care of myself, my loved ones and my community. I will read the morning paper, and find our GOP is staffed by people who love this country, and human rights aren't a whim. And all across the country, the rest of us are waking up to the same kind of morning.

Can you PLEASE send me some of the meds your on!!!!! Laughing Laughing Laughing I need to visit GEE WIZ HAPPY LAND TOO Very Happy
You intentionally left out the first paragraph. Play nice. All of us get slammed daily- no need to go after each other, is there?

Naw just being facetious & pulling your chain. I could use a trip to GEE WIZ HAPPY LAND right about now. Getting tired of this stinking REALITY or is it INSANITY? I can't tell anymore
If it makes you happy, I dreamed that I locked Dave Camp in the men's room while my cat took over the boardroom. I'm not sure where my other cat was- maybe driving the getaway car.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by couth11 on Tue Jul 19, 2011 2:51 am

I just realized something- all of those people will only have 26 weeks, and then nothing. Competing with us for the non-existent jobs, they may resent us for having had the extensions. Going back to all of us being pitted against each other for crumbs, while our reps sit- and sit. and sit some more. But their bills are paid, and they have food in their bellies-proper food- and they have healthcare, and they..have..at our expense, they have. So do their cronies.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by Jobless_in_Ma on Tue Jul 19, 2011 7:04 am

This is a disgrace. Just goes to show you how bad things are. Barnes n nobles went in 09 I believe now the great recession 2 takes out mogul Borders.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by Guest on Tue Jul 19, 2011 7:51 am

Jobless_in_Ma wrote:This is a disgrace. Just goes to show you how bad things are. Barnes n nobles went in 09 I believe now the great recession 2 takes out mogul Borders.
Barnes and Noble only closed some stores. They are still around, there is one near me. It is the only big bookstore left I think. Waldenbooks is gone.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by Jobless_in_Ma on Tue Jul 19, 2011 7:57 am

Oh. I thought they were gone. My bad. Wink

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by Guest on Tue Jul 19, 2011 11:03 am

Yes, yesterday Bloomberg reported 6500. This continues to be scarey.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by exhaustedandtired/1208 on Tue Jul 19, 2011 11:31 am

And the hits keep on coming!

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by Guest on Tue Jul 19, 2011 12:27 pm

politico is reporting 6500, either way, far to many for one company and now 6500 additional families will be suffering.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

Post by jmainframe on Tue Jul 19, 2011 1:47 pm

Yeah, this is beginning to look like the start of the 2008 depression, where company after company began announcing layoffs of thousands of their employees. Deja vu all over again.

Payroll costs have been a major expense for companies ever since they began trying to entice people to leave the farms and come to the big cities to work for them.

Technology to replace office workers? Yeah, right. That's a bunch of hype. They want you to think that Mr. Whipple flips a switch and Robbie The Robot smoothly and seamlessly takes over. You ask anyone who has to work with these buggy apps that are rushed to market, and they'll tell you that they hardly ever do what they're designed to do, and the employees who are left are forced to make manual corrections to the garbage produced by them. Some senior exec makies a bad decision to go with a certain piece of technology, and since the cost of reversing the move in mid-stream is greater than sticking with technology bugs and all, the employees who are left are forced to live with the mistake. No company is willing to admit that their CIO made a major blunder!

I can't speak for manufacturing, but I know this is what goes on in an office environment.

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Re: Cisco Plans to Cut Workforce by 11,500 to Slash Costs

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