back to article Cisco lays off 250 in first wave of cuts

Cisco has begun the layoff process it had announced earlier, with approximately 250 people exiting its San Jose, California headquarters this week, along with more throughout its worldwide operations. The total number of lost jobs isn't clear, according to a report in the Wall Street Journal, but they won't be the only ones the …

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Jobs Horns

Cisco has always engaged in scummy business practices

Why would anyone expect them to be any more honest about laying off their employees?

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Alert

The obvious one...

WRED ?

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Stop

Nortel comparison

As previously reported on El Reg:

"Nortel Networks plans to lay off 3,200 workers worldwide, about a tenth of the total workforce."

http://www.theregister.co.uk/2009/02/25/nortel_layoffs_february_2009/

Nortel have 32,000 workers and are in administration

CISCO have 67,000 workers and have $29 billion in the bank.

CISCO are doing something right compared to Nortel... assuming the figures are true. At least the CISCO workers being made redundant will get severance pay (essential in this economic environment).

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Anonymous Coward

severance pay

umm nope, a huge portion of cisco are vendors, myself included. i got a months notice and a headache trying to find another job in this stupid, greedy, capitalist world.

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