Menu
Australian Cisco workforce fate unclear

Australian Cisco workforce fate unclear

Local representatives unable to say whether Australian staff will be cut after US staff were axed last week

The fate of Cisco’s Australian workforce is unclear after the vendor announced it would be cutting hundreds of staff as part of efforts to trim costs to combat the economic downturn.

A spokesperson for the networking giant was unable to say whether its Australian staff would be affected as the company was currently in a quiet period as it prepared its financial statements.

Instead the spokesperson pointed to the vendor’s fiscal second and third quarter 2009 earnings calls.

“This limited restructuring of approximately 1500 to 2000 jobs is part of our ongoing, targeted realignment of resources. While Cisco constantly manages its business priorities, resources and overall employee alignment as part of our overall business management process, we are sensitive to the impact these decisions have on employees during this challenging economic environment. We are doing everything possible to minimise the impact on employees affected by the limited restructuring,” the vendor said in the calls.

Cisco reportedly laid off up to 700 employees on Thursday from its San Jose headquarters.

It is also looking to cut between $US1 billion and $US1.5 billion in expenses during the economic downturn, which is hammering sales.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags cisco

Show Comments