In 2010, just over a quarter of Cisco’s workforce consisted of overseas workers. However, in the last four years, this number has dramatically risen to 46% of the company’s workforce. China and India are currently the greatest beneficiaries of the company’s decision to move a large percentage of its operations abroad. However, how long this trend will last is uncertain, as Cisco is also pushing for a law to be passed that will allow the company to bring a large percentage of its capital back into the United States without having to pay a high tax.
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Consider the size of the San Jose workforce twelve years ago versus what it is today. It is significantly lower with sixteen buildings having been sold, perhaps more in consideration with the current business climate, remote working options + layoffs.
In the previous Washington administration, there was an allowance for repatriation of funds. Cisco brought back numerous $ billions but the major layoffs continued.
The company has experiences 6 years of flat top line revenue growth and to change this requires massive changes at the ELT, VP, Director levels and insert staff that can get the job done.
Storm the capital!! Oh wait ...
There are no plans to bring back the capital.
In fact - it's the opposite. Cisco is currently looking for more cheap labor and more heads to cut. It's a yearly cycle and the management does not care about any one location or their experiences.
If they can hire someone cheaper offshore - to them, it only makes sense. Two "Heads" for the price of one. They don't realize that the customer base that they rely on - can see their behaviors too. And that their customer base expects to work with people in their own regions.
Don't work for anywhere that sees you as a "headcount". Otherwise you're always going to be working for a place that sees you as a head to cut.
Bringing the capital back will not change anything. It will just allow them to pay even more incompetent overseas and h1b workers as replacements. When they started offshoring work and bringing so many h1b workers on that started services downfall. Bringing latam buffoons into the US to still manage latam, then give them US responsibilities did no one any favors either. This has been a cascade of idiocy for a long time and started at the end of chambers time. JC was kept on a couple of years too long and chuckie is well outside of his skillset (as are his cronies).
https://www.itimanufacturing.com/five-companies-overseas-manufacturing/