Thread regarding Cisco Systems Inc. layoffs

Cisco Systems Finance International to be sold off or shut down by 2018

Considering Cisco is moving away from hardware, the Capital leasing and loan business is drying up. Rumors from inside Cisco Capital say that CSFI is being wound down, painfully slowly.

Senior directors at CSFI being laid off, company being re-classed from Ltd to Unlimited ( does that make it easier to sell off?) Most operational tasks moved to poland. And they were working on a very expensive global leasing project that cost millions and went nowhere, and led to the "exit" of some high ups in Capital in SJ.

Such a total mess I feel sorry for the folks that have to get out of bed every day and trudge in there for nothing.

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| 1692 views | | 1 reply (September 28, 2016) | Reply
Post ID: @OP+JBCbABV

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issue is , money is so cheap at the moment that Cisco Finance no longer makes any sense , it can not compete with the Economic Bank of China that provides vendor financing to Huawei @ 0.5% above LIBOR. Currently I think LIBOR is about 0.5% or less , so effectively a carrier can get vendor financing for less than 1.00% . So why bother !

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