How do you feel reading this... ?

http://www.investopedia.com/stock-analysis/081716/cisco-rumors-massive-layoffs-coming-soon-csco.aspx?partner=YahooSA&yptr=yahoo

If indeed Cisco announces significant layoffs in the coming weeks, it could prove beneficial for shareholders. The company's transformation is gaining momentum, and its smart city and other Internet of Things initiatives are beginning to bear fruit. Add in its budding data center sales and its 17% jump in security revenue last quarter, and Robbins has Cisco well on its way to a successful transition.

Job cuts are always difficult for those impacted. But trimming overhead and better aligning Cisco's resources to target new markets that will ultimately drive growth will prove to be an opportunity for investors with some patience. Not to mention that they'll be able to enjoy a nearly 3.5% dividend yield along the way.

Read more: Cisco Rumors: Massive Layoffs Coming Soon | Investopedia http://www.investopedia.com/stock-analysis/081716/cisco-rumors-massive-layoffs-coming-soon-csco.aspx#ixzz4HcVKCbgV

Comment! It's anonymous!

4 replies (most recent on top)

I think both commenters make great points. Do not confuse a company with being your family. A business operates to make a profit for shareholders and unless the business purpose is to make people happy you are destined to be disappointed. I was LR'd from a previous company and it was the best thing that happened to me. It got me off my butt to learn new skills and provide a value that was worth paying for.

I no longer consider my co-workers as family. Some of them are nice people, but have done little to improve their skill set.

I do understand the anger. Some of the companies (like Intel) do th rah, rah (we are a close family org), but in reality they are what their shareholders expect. A company in business to provide shareholder value.

It is not a good thing but we need to understand that our jobs are at-will. It is a business transaction. You are hired till your services are needed. I would partially lay the blame on you for trusting your employer to be your family. Always be passing your resume around and never get into a comfort zone.

I hope the author dies in a house fire... along with his pets.

Makes me sick to my stomach. These are people's lives they are messing with...

Thread regarding Cisco Systems Inc. layoffs

How do you feel reading this... ?

4 replies (most recent on top)

Post a reply