Cisco Reduces its Workforce
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During Cisco's third quarter fiscal 2012 earnings call, the world's largest networking vendor warned about conservative IT spending.
Apparently that conservative IT spending approach is having an impact on Cisco's operations and outlook as well. Late Monday, Cisco announced a workforce reduction of approximately 1,300 staff. Cisco did not specifically identify which staff or units would be the most affected.
"We routinely review our business to determine where we need to align investment based on growth opportunities," a Cisco statement sent to EnterpriseNetworkingPlanet stated. "Additionally, we continue to evaluate our organizational structure as part of our plan to drive simplicity, speed of decisions and agility across Cisco."