A new report by J.P. Morgan announced that Cisco could be laying-off as much as 10% of their staff in the near future. This would amount to more than 6,500 employees in total, and would clearly make a significant impact on the company and further impact the tech industry. It would, however, save Cisco nearly $900 million dollars a year.
When asked specifically about this possibility, a spokesperson for the company noted that they discussed in February eliminating up-to 2,000 jobs at some point, but that this would not “represent a broad-scale layoff in our workforce.” What ultimately happens in terms of lay-offs for the company remains to be seen.
As we’ve done with other companies, we took a look at reviews for Cisco from the past three months, and found that employee sentiment remains neutral toward the company and the CEO and that concern over layoffs seems to be mentioned rarely among Cisco company reviews submitted by employees.
