Networking industry publication LightReading is reporting that Cisco (Nasdaq: CSCO) Chairman and CEO John Chambers “may be planning to announce his retirement soon.”
A major reorganization of the company may also unfold, affecting thousands.
Cisco wouldn’t comment, says LightReading’s Mitch Wagner, who is the respected publication’s West Coast bureau chief.
Citing “Silicon Valley chatter” and other reports, Wagner says the change at the top and a reorganization that would affect “in 20,.000 people changing jobs” could unfold as soon as July.
[CISCO ARCHIVE: Check out more than a decade of Cisco stories as reported in WRAL TechWire.]
Cisco operates its second largest corporate campus outside of its Silicon Valley headquarters in RTP with 4,600 full-time employees and 1,400 contractors.
Just last week, Cisco announced 550 new jobs would be added through 2017 in RTP. Another 140-some jobs vacated through layoffs will be filled first.
Among possible replacements for Chambers is President and Chief Operating Officer Gary Moore who attended last week’s press conference and met with Cisco employees.
Cisco CEO John Chambers may be planning to announce his retirement soon, and may leave the networking technology giant in the fall.
Chambers has hinted in the past that he was thinking about retiring.
For more details, the LightReading post is available online.
