Cisco’s new CEO hints that no big layoff is coming
In a couple of days, Cisco will be getting a new CEO for the first time in 20 years when Chuck Robbins officially takes the reins. It will also be ending its 2015 fiscal year.
Employees are biting their nails for news about whether the new boss will continue an old habit: Cisco’s annual layoffs.
The company has shed big chunks of its workforce for the past four years in a row, at the end of its fiscal year. And then it sometimes added headcount back again by making a huge acquisition.