Cisco, a tech company based in San Jose California, completed a wave of layoffs at the end of February 2009 totaling approximately 2000 of the 65,000 employees worldwide, 250 of which were at the headquarters. This follows an early layoff in October of 2008 wherein a little over 100 people were let go at a US facility in hopes that no further layoffs would be needed.
Common big business vernacular for a realignment of resources was invoke by the CEO John Chambers during the 2008 cuts and was also cited by the company in the February 2009 layoff. As companies continue to operate during this period of depressed economic times they must seek creative solutions which maintain a well trained workforce, hone their ranks to those workers and groups who perform their tasks most efficiently, and balance fear within the company with a responsibility to their shareholders for performance within the black. We at the downsized do not envy their position and hope that this dim period in our history will soon be over and that we will be able to reemerge better, leaner, and more innovative as the world’s economy becomes more competitive and hopefully more diverse.
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See related stories: 2008, 2009, california, cisco, layoff, san jose
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