Cisco closed down its flagship 8, 9 and 10 buildings in San Jose, including the main ELT one and the EBC facilities. Robbins moved to Atlanta in a very selfish maneuver to prepare his political career. He knows we've entered Cisco's freefall to the ground. Name just one market segment worth over $1B where Cisco is the dominant player. Just one. We've been relegated to the spectator's seat virtually everywhere. There's no coming back.
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Yep its globalism. All the jobs are intentionally leaving the USA or palled to be automated with AI and all of the criminals of every country are being ushered in our open border to destroy whats left of this country from within. Buckle up!
I dont see this as bad per se. Post pandemic (unless you want to force a 5 day RTO) Cisco just doesnt need as much real estate. Those 4 buildings 1) dont have labs 2) are the most attractive to sell and get the most $. Im also assuming the splunk lease was unbreakable.
This move makes business sense.
The morale blow to closing building 10 cannot be understated. It has to be a signal to say "look we're shedding our "routes" (in my best UK english) and pivoting to software". It will be a sad day when Google or some other tech company raises its flag at 300 E Tasman.
I smell merger.
From October, Splunk's HQ will be the new HQ of Cisco and Gary Steele will take over CEO from next year, he will make transition to get Cisco converted to a software company, all of old hardware, Routers, Switching and servers, will be sold or spin off, the software company Cisco just need 30k employees.
Any news sites/links to point to about the move? I find it shocking to think they'd close the showcase buildings...
Buildings 8,9,10 are all moving to the Splunk office at Santana Row, and taking over the whole building. Splunk is moving its Brannan office in SF, into the Cisco office there.
Eff chucky boy and a political career.. He can play the local guy where he went all he wants but being ceo of a woke, left coast dung hole that supports the lib illness will hopefully keep that from happening.
It’s about globalization, cutting costs by moving jobs to countries that have cheap labor and eliminating jobs that can be automated. ELT will sell you a story about difficult decisions to grow the company and how you have to be a good sport about accepting LRs every six months. Cheer up if you survived this round and enjoy the extra work.