The stock market thinks so - at least Cisco stocks are going up.
On the other hand, who wants to join a company with such a layoff history?
I can't really comment much on the product portfolio. Although I work for Cisco, I simply don't know too much about it.
At the last IEEE standards meeting, Huawei sent 35 people and Cisco sent 2. People who think they aren't innovating are uniformed. I'm told that they are writing many of the 5G standards (3GPP and ITU-T) as well.
I'm also amazed that people talk about the amazing business that comes out of India, and how this is some sign that India will rule the future. Yes, we do a lot of business there (helped by the fact that Indian govt. doesn't like Huawei in its infrastructure) - and we lose money on just about all of it.
just my perspective;
E/// is still a family run company https://www.investorab.com/about-investor/organization/board-of-directors/
CEO was let go because he missed 4 Quarters in a row waiting for 5 G , in short the family NO longer had any confidence in the CEO.
The technology market keeps teaching us , no company is too big to fail, remember , WANG, DEC, Compaq, Motorola, Nortel , Nokia, Blackberry, .... for a time they were invincible.
Merchant Silicon is the only route for large Enterprises and Carriers, like it or not it is happening.
So the question is ; can the big boys make the transition in time, in short evolve or become extinct.
Looking at it from the inside , ELT are Deer's in Headlight, the company wants a make a transition to annuity like business, but every "manager" is a hardware guy and they still want to sell boxes.
Business in USA is protected as Huawei is not that present , in Europe and Asia they are dominant.
Scary thing is that they are no longer the followers, recently they have become innovators. They will be a one stop shop, as soon as they have got their story together for SDN and NFV. Until then there is a glimmer of hope.
Ericsson has massive headcount in India esp. In Bangalore. I dont know whether this companies are sinking or not, but all companies are laying off folks in US/Europe/Australia and moving their headcount to India. Cisco is no different. Cisco will grow massively in Bangalore and it compliments their strategy because India as a market for Cisco is growing massively and same for Ericsson. it makes sense to move to Bangalore because APAC will be the "growth Engine" for next generation. Good to have Shop opened close to "growth Engine". Cisco is not doing badly but they are just kicking out costly employees.
problem with Cisco & E/// is, that 2 dinosaurs trying to make love, neither knows who needs to get on top!
As we all at Cisco see, the partnership with Ericsson goes on even after E/// CEO leaving. The Ericsson folks are working on the same partnership playbook which we have received as well. I wish we will it end up with the same model like Nokia/ ALU or Siemens/ Nokia!!
A question to an anonymous here who thinks Cisco and Ericsson wiil rescue each other. How can you explain Ericsson's CEO left?
Ericsson is a sinking boat... You should swim by your own or you go down with it!
How you can say Cisco doesn't have cloud strategy??? We have! Even more - we have many!
Every BU has a cloud strategy. And who cares that this is a different strategy every quarter.
Even IBM is having some success in reinventing itself, with significant investments in cloud, analytics, contextual computing and Watson. It'll take time before they can declare it a turnaround, but IBM is definitely still a player.
Cisco didn't appear anywhere in Gartner's Magic Quadrant for cloud service providers, published last month. Not even as a niche player. This is indeed our Kodak moment.
Supporting the IBM comment, Cisco's future is Death By a Thousand Cuts. Read following headline on the WSJ today that "Large Enterprise Cloud Adoption Set to Accelerate, McKinsey CIO Survey". If Cisco does not have a viable cloud strategy, they have no future and cloud is their Kodak Moment.
The future of Cisco is not to go alone!! The preparation for the journey just started which should continue hand in hand with another player in the industry such like Ericsson. Had today chat with an friend from E/// and it is interesting to see the ongoing reorgs in both companies which are complimenting each other and the puzzles being orchestrated nicely on both sides !!!
tbz ... good point - employee anger. Anyone in our industry knows already not to work at Cisco or IBM. The better talent will go to other companies if they can. Cisco is on a death spiral. What makes me mad is that Chuck and the ELT team can't be so stupid not to realise this is happening. That team has hundreds of thousands if not millions of stock in Cisco. Its obvious all they care about is stock price.
Share price is good and I'm selling my RSUs :-) if I don't get LR'd I will end up walking anyway.
That is true. Employees in the Norway office are simply leeching off paychecks and smiling and pretending. Behind the scenes no one really cares anymore. Move along for the next LR.
See IBM for a look into the crystal ball
Wall Street driven
Constant layoffs
More and more work pushed offshore (India)
Miserable US-based employees always waiting for the next shoe to drop
That is the future.
It is a dying company however more than industry competition there is growing employee anger . The very fact that there are so many people participating on this forum and several other websites clearly shows that the frustration has reached a breaking point .
Most employees have already stopped performing here and are just collecting a paycheck . As someone pointed out is an older thread people don't care anymore.
No. Wall Street analysts only see what the ELT wants them to see. Anyone who's spent any time inside Cisco knows that we have nearly insurmountable problems and no serious strategy to overcome them. Cisco is in managed decline.