The Drum Awards for Marketing - Extended Deadline

-d -h -min -sec

Technology Cisco Cloud

Cisco Systems primed to cut a fifth of its workforce as it moves focus to cloud and software

Author

By John McCarthy, Opinion Editor

August 17, 2016 | 2 min read

A total of 14,000 jobs are reportedly to be cut at network hardware producer Cisco as it looks to reign in its workforce.

Cisco

Cisco

The California-based company is reportedly set to transition away from its network hardware production to enter software-as-a-service and Cloud-based business.

The company currently boasts over 70,000 members of staff and the reported cuts could lessen that by up to 17,000 heads according to a report from CRN.

The company has already offered retirement plans to many employees sources told the publication.

“Different skill sets” for the “software-defined future” will be required by Cisco for its transition.

It will represent a major pivot from the company that has been producing network gear since its foundation in 1984.

Technology Cisco Cloud

More from Technology

View all

Trending

Industry insights

View all
Add your own content +