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Cisco cut 14 percent of their staff

Cisco cutting jobs. A whole lot of jobs in fact, as many as ten thousand jobs, Paul suggested that John Chambers should be on that list. I can assure you that Paul is not alone in wanting to see the back of the Forest Gump sound alike Chambers. That is 14 percent of the workforce, and 7000 will have their pink slips before the end of August. Ouch. Sis. I feel really bad now for those folks. For shareholders of Cisco this will mean that they will save up to one billion USD in 2012, but the immediate costs of all the firing is between half to a full billion Dollars. So it is safe to say that the cost savings will only be felt in 2013. Tell me, the unmeasured, morale of left over staff, how do you measure that? Does it make the existing staff more productive and not wanting to suffer the same fate as their peers? Perhaps. All in all, Cisco have got some serious work to do.


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