Moving on to re-align the company in response to tough trading conditions, Cisco Systems has announced it will cut 1,300 jobs off its global workforce. This, according to the networking giant, is in response to “an uncertain economic outlook.”
Cisco says this move is part of a bigger plan to cut costs and “simplify the company”.
In a statement, the networking giant said: “We routinely review our business to determine where we need to align investment based on growth opportunities. Additionally, we continue to evaluate our organizational structure as part of our plan to drive simplicity, speed of decisions and agility across Cisco. “
“As we focus on both of these efforts, we are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population,” Cisco said.
Cisco’s actions, subject to local legal requirements, including consultation where required, are part of a continuous process of simplifying the company in addition to assessing the economic environment in certain parts of the world, according to Cisco.
The figure of 1,300 jobs is equivalent to 2 percent of the company’s worldwide workforce.
This latest job cuts announcement follows a decision in 2011 to cut approximately 6,500 jobs to help trim annual costs and help in increasing profit growth.
Cisco was not specific on which operations will be trimmed in the latest job cuts nor was there any indication whether or not its divisions based in Africa will be affected or not.
