It seems like it was just yesterday when CSCO announced it would fire 10,000 people. And then another 1,300. And thenanother 500. Fast forward to today when the “one-time, non-recurring” termination charges are back, as the “recovery”, now in its 5th year, progresses a little differently than expected, this time with another 4,000 FTE told to pack their bags.
- CISCO TO CUT 4,000 JOBS OR 5% OF WORKFORCE
- CISCO SAYS IT REMAINS ‘VERY MUCH A COMPANY ON THE OFFENSIVE’
Nobody can blame the company, however: why keep full-time workers, when switching over to part-timers will do just as fine, and generate significant benefits to the bottom line and shareholders.
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