Tuesday, July 19, 2011

Cisco announced the elimination of 6,500 jobs and yield plant

The telecom equipment and computer Cisco announced Monday, July 18, 6500 deletion of positions, including 4,400 layoffs. This corresponds to a reduction of about 9% of the workforce and about 15% of senior executives. The press had already announced last week, major cuts. These reductions, which will affect the world and Tech News Buzz "all functions", part of a plan to save $ 1 billion per year (707 million).

They result in charges estimated at $ 1.3 billion (920 million) in total. Cisco also announced the sale to the Taiwanese Foxconn plant that employs 5,000 people in Ciudad Juarez, Mexico. These 5000 jobs that no longer depend on the Cisco 6500 in addition to job cuts, including 2,100 voluntary redundancies.

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