Hi folks! So not only has RIM done layoffs but Cisco is preparing for layoffs as well. To the tune of 5000 to 10000 jobs.
Looks like the same old story. A company gets to grow big due to successful product and strategy, then they overreach and then it’s layoff time. Hopefully if this does happen, Cisco will turn things around. The biggest issue in my mind? Cisco is seeing stiff competition from HP.
HP has done some great things with their networking division and they are really putting the gears to Cisco. If HP can hit them where it hurts Cisco will have a long road ahead of them. Only time will tell!