30K eliminated so far
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The extra credit answer is "GE," once affectionately referred to by its employees as Generous Electric. Cisco CEO John Chambers followed GE CEO "Neutron Jack" Welch's lead in mass acquisitions, stack ranking and layoffs.
meantime maybe 40k are added, are those who know nothing about networking
Who cut 100k in the 80s?
Don't forget 2015. There were layoffs then, too. Maybe not as significant in number, but as a percentage of certain departments, it was a bloodbath.
In 2001 the company went from 48,000 people (employees and contractors) to 35,000. Also unaccounted for are a myriad of smaller layoffs which didn't attract media attention over the past 15 years. Teams and whole sites which included top performers have been expelled along the way. Be glad they can't innovate without acquisition and didn't purchase HP or there would be pay cuts every year as well.
For extra credit, name a company that let 100,000 people go in the 1980s without drawing major media attention.
Its more than 30k. you forgot the BU's cisco divested/closed...
Its more than 30k. you forgot the BU's cisco divested...
I did a ball park number and it is around 26k layoffs since 2009? Total employee number has stayed pretty much the same. Essentially Cisco has churned about 1/3 of their employees.
@gvh so true
the effect of these 5500 mostly seniors + contractor layoffs will be a voluntary exodus of the remaining seniors such that the original goal of 14,000 will be achieved, maybe a "stretch goal" of 20k if you may.
and these will not need expensive LR packages too. start a fire in one corner of the forest and the deer herds will migrate on their own.
Well well......they are also hiring many young people in background as well. Cisco still has 70k employees after all these layoffs.