Posts tagged “Cisco”
The launching of a joint venture, VCE, gave EMC and Cisco an opportunity to explore converged IT infrastructure. Now Cisco has sold most of its stake to EMC. That means more competition between the tech giants, both of whom have a major presence in the Triangle. Analysts at Technology Business Research break down the joint venture's breakup and what it means.
If Cisco workers being tossed overboard by John Chambers can find solace in the pain felt by the boss - well, just remember this: What Chambers said Thursday in Chicago about the latest cuts is nearly identical to what he said when layoffs were made last year. Deja vu all over again. Crocodile tears? You decide.
As part of a massive reorganization, Cisco is cutting 5 percent of its RTP-based workforce, or some 225 jobs. The networking giant disclosed the specific number of its in a notice to the state of North Carolina.
Cisco is doing more than just laying off some 6,000 workers as part of a reorganization. the company also is switching up to 25,000 people in its routing and switching engineering group to two large work groups from individual teams, sources tell Business Insider.
Reflecting a 3 percent drop in revenue and failure to meet revenue targets, networking giant Cisco disclosed Tuesday that it had cut Chairman and CEO John Chambers' total compensation by 22 percent for the past fiscal year. The pay of other top executives also was cut.
New Windows sneak peak; U-verse to Wilmington; Cisco's $1B cloud move; China OKs iPhone 6; Ireland-Apple tax deal
In today's technology news wrapup: Microsoft to offer sneak peak of new Windows; AT&T takes U-verse to Wilmington; Cisco expands cloud network; China OKs new iPhones after security assurances; and the EU presses Ireland about Apple tax breaks.
In the latest Bulldog roundup of life science and technology news: Cisco Intercloud partner ecosystem expanded with $1 billion in new financing; Microsoft offers first look at new Windows this week; Anti-Facebook social network Ello goes viral; Yahoo! Directory is shutting down this year; and what can doctors can learn from our Selfies?
Cisco Systems began laying off employees at its Research Triangle Park campus on Tuesday. The company confirmed it is cutting jobs but would not disclose how many. It also is continuing to hire at the site, and laid-off workers can apply for open positions, the company says.
Wall Street analysts and journalists are having a field day with reports that EMC is looking for a merger partner. One analyst says a Cisco-EMC marriage makes sense with VMware as a wedding gift. EMC owns 80 percent of Vmware. Meanwhile, Forbes says an EMC-HP deal "would have been a disaster."
Cisco execs sell $19M in shares; Nortel trial nears end; GSK launches 2 startups; Salix $100M settlement; AT&T Amazon bundle
In today's wrapup of tech and life science news: Several Cisco executives sell $19 million in shares; Nortel's huge bankruptcy trial nears end; GSK launches two startups; Salix reaches a $100M settlement; and AT&T's new entertainment bundle includes Amazon Prime.
Analysis: Cisco recently announced another round of layoffs as it adjusts to a changing competitive environment for networking products and services. Will the reboot work?
HP's Meg Whitman has been throwing around a lot of "FUD" - fear, uncertainty and doubt - about the Lenovo-IBM x86 server deal since it was announced. And guess who now leads in global server sales?
A blogger about Cisco obtained access to internal video and audio recordings of company execs discussing the tech giant's new layoff round that will affect some 6,000 workers. Business Insider published some of the information, including an interesting remark from Chief Operating Officer Gary Moore. Plus, a new report shows one reason why Cisco is facing challenges: Its router market share has plunged.
Just two months ago, Cisco announced a major expansion of its work force in RTP with the promise of more than 500 new jobs. Wednesday night, Cisco's top executive disclosed plans to lay off some 6,000 workers across the company. It's the second large round of job cuts to hit the firm in a year.
Early in a conference call with analysts, Cisco Chairman and CEO John Chambers disclosed that a "limited restructuring" - i.e. layoffs - was underway at the tech giant. In his own words, Chambers describes why Cisco is cutting some 6,000 jobs.
A judge has ruled against Microsoft Corp., saying U.S. law enforcement can force the company to turn over emails it stores in Ireland. Cisco, Verizon, Apple and AT&T allied with Microsoft in the dispute.