Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 16 August 2013 09:39

Cisco rewards good staff behavior by firing them

Written by Nick Farrell

We are not at home to Mr Competence

Networking outfit Cisco has a novel way of rewarding staff who turned around the company in the last year – it issues them with a P45 and a pink slip. Last year Cisco made $10 billion in profit and managed to buy back nearly $3 billion in stock and paid out more than that in dividends as well.

Profits were up 18 per cent in the most recent quarter and revenue rose by a small amount in the next three months. The company has $50 billion in cash in the bank. In otherwords it is doing really well in difficult conditions. Cisco boss John Chambers has decided that he will fire five per cent of the Cisco’s workforce or 4000 people just to make sure.

There is a slight problem with this. Cisco is telling people it is making record profits, but it is still firing staff as if it is about to go into Chapter 11. Apparently Chambers is worried that his outfit can’t generate the kind of growth that excites investors and he thinks the way to do that is to gut staff morale. 

According to Forbes the feeling is that if Chambers does that his staff will simply stop producing the results and leave the company for a place where their efforts are rewarded.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments