The cloud just cost 5,500 Cisco workers their jobs
Cisco this week announced it is laying off some 5,500 workers, about 7 percent of its global workforce. The firings fell far short of the 14,000 positions that had been rumored, but they still cut deep.
And it can’t help ease the sting that workers getting pink slips had to listen to Cisco CEO Chuck Robbins exult, “We had another strong quarter, wrapping up a great year.” That “we” doesn’t extend to the fired workers, obviously.
So, what’s really going on here?
Basically, Cisco is trying to keep up with fundamental changes in the world of infrastructure. Those changes take many forms, but the biggest, most obvious development is the incredible rise of cloud computing. Companies are scrambling to run every possible workload into the cloud, which is grabbing an ever-increasing share of new infrastructure investment.
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