High-tech giant, the Cisco company, is planning to cut 20% of its employees.Given the scale of the company, 20% (14 thousand employees in branches around the world.) - Just a great value and the signal for the market - something clearly wrong in the economy - on AMarkets materials.
Cisco has a certain reputation - announce layoffs at the end of the fiscal year. So, in August 2014 the company announced a reduction of 6,000 units - at that time it was about 8% of the workforce. In August 2013 the company has laid off thousands of employees 4 -. About 5% of the global workforce. In July 2012, Cisco announced the dismissal of 1,300 people. The biggest staff reduction took place in July 2011 - 6,500 people were laid off - about 9% of the total staff. In the summer of 2015 was not quite layoffs.
And the current downsizing - the record company's history:
At the same time Cisco is trading at the highs, if you count from 2007. ZeroHedge Experts propose to consider reducing the current situation as an indicator of impending crisis.