Cisco has joined other big tech companies in laying off staff.
The outfit is cutting 673 jobs as part of the tech giant’s previously announced plan to maximise cost savings.
The majority of the layoffs that the company is planning will affect software engineers, technical engineers, hardware engineers, product managers and supervisors, which are ironically the sorts of people who will be difficult to find when the economy picks up again. Cisco thinks it is far better to keep managers to arrange meetings about moving cheese and who use terms like “kick the ball running” rather than those who actually make its gear.
The most recent Cisco layoffs come on the heels of the company’s November announcement that it would lay off approximately 4,000 employees, or about five percent of its workforce and reduce some of its real estate in an effort to right-size some of its business units, including the Collaboration segment.
