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Cisco will cut 16% of staff Job cuts prompted by sudden and sharp downturn in equipment sales March 9, 2001: 3:50 p.m. ET NEW YORK (CNNfn) - Cisco Systems Inc., the once fast-growing computer networking company, is planning to cut as many as 8,000 jobs, or roughly 16 percent of its total workforce, the company said Friday. The magnitude of the cuts is far greater than earlier reports, which, citing unnamed sources, pegged the total number of job cuts at 2,000. But in a release issued late Friday afternoon, Cisco said it will cut between 5,500 and 8,000 jobs through layoffs and attrition between now and July. As a result of the layoffs, the company said it expects to take a charge of $300 million to $400 million by the end of the fourth quarter of fiscal 2001. The job cuts will affect 2,500 to 3,000 temporary and contract workers; and 3,000 to 5,000 regular employees through voluntary attrition and layoffs, Cisco said. "We`re taking these steps because of the continuing slowdown in the U.S. economy and initial signs of a slowdown expanding to other parts of the world," John Chambers, Cisco`s president and chief executive, said in a statement. "We also now believe that this slowdown in capital spending could extend beyond two quarters," Chambers said |
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| aus der Diskussion: | ++++++++NEUE HIOBSBOTSCHAFT: CISCO ENTLÄSST 16% SEINER ANGESTELLTEN!!!!+++++++ |
| Autor (Datum des Eintrages): | StockRiese (09.03.01 22:17:02) |
| Beitrag: | 1 von 10 (ID:3070862) |
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