Inside views on the jobs market
Cisco CEO John Chambers has said he wants to avoid layoffs on the scale seen when the tech bubble burst in 2001, but that will be scant consolation to employees hit by Wednesday’s news that the network equipment maker is cutting up to 2,000 jobs. In our report, Chambers did not rule out the possibility of a major layoff, which he defined as a cut of 10 percent or more workers.
If you work at Cisco, which ended 2008 with 67,318 employees, tells us how people are reacting to yesterday’s announcement. Where will the cuts impact and how is the company helping those affected?