Cisco Layoffs: Yes, Companies are Still Cutting Jobs

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Mostly Americans lose their jobs but Indian Managers save H1 Indian workers jobs..

Al of CA 10:09PM September 21, 2009

Mostly Americans lose their jobs but Indian Managers save H1 Indian workers jobs..

Al of CA 10:09PM September 21, 2009

When the whole nation is in melt down with hundreds of thousands of construction workers, banker/financial industry workers losing jobs, the thought that a few of the techies and support folks in these ivory towers at Cisco, IBM or Intel should never lose their job is absurd. Actually these high tech companies are the ones that have ripped off the economies, soaring stock prices with no P/E fundamentals, lies and misrepresentations to perk up stock prices, all the ill earned income in stock market games. Go figure, how many more routers the world needs and to eternity Cisco should be supplying routers to all the world and the cosmos?.. Last time I heard the cisco would be wiring and networking the entire galaxy,, i just fell down laughing..
Folks, get some sense of this.. people need a roof, a house to stay, food to eat and gas to pay for moving around.. Not these stupid routers and foul smelling semiconductor toys that you keep throwing in trash every year or two. The economists and regulators have not learned this right yet. promote basic industries.. put a cap on stock prices with a P/E valuation basis of not to exceed 20.. then see how the whole world and nations economy improves.. Otherwise this whole thing a speculative game.. Enoght of the high tech toys and selfish Chambers like CEOs.. By the way where has all the money that Cisco and Chambers and his other aides have amassed during all this time? .. Why is it not made available to help the national economy and putting the distressed people back to work?
If one sector of the economy works very hard with sweat and toil to make ends meet, while the other high tech sector keeps hoarding money then it is pure deprivation of national wealth. I foresee a huge high tech melt down in years to come.. much like the present real estate crisis. This is because the same kind of crooks who created the current scandal have also created the high tech valuation scandals for their own benefits. Just it is a matter of time thats all.
Strange World.. Don't lose a tear for the high tech weepers. Move on folks, get real.. what you do at these high tech companies, is not what the nation and world really wants.

EXCISCO of CA 3:34AM August 06, 2009

Job loss...Been there. Done that. Yep, still 'there'. My heart goes out to those still getting 'pinked'.
For me, losing my job was one of those defining moments in life. I knew I had a choice: I could choose to lose my way (my mind) or rise to the challenge and follow what my Spirit tells me to do, always remembering that I am more than a statistic on the news.
I'll share with you what I was told the day I got "set free" (laid off) from my job: "This is a new chapter in your life. WRITE ONE HELL OF A CHAPTER!" And I did just that! Will you?
So if you just need a break from the doom and gloom, let me send you a FREE book download...no strings attached, really!
Sign up now: www.noexpertsneeded.com
Yes, times are tough, but it doesn't mean that we can't still 'give back' to one another. This is simply my way...
take care,
Louise Lewis, author
No Experts Needed: The Meaning of Life According to You!
www.noexpertsneeded.com

Louise Lewis, author of CA 2:56PM July 17, 2009

everyone is reporting "700 at san jose" but the number is more like 1200+ if you count the other campuses :(

jack thompson of FL 7:56PM July 16, 2009

Increase the corporate income tax AND ESPECIALLY increase the individual income tax on incomes over 10 million (including capital gains).
Not so long ago Microsoft announced the downsizing of 5000 workers WHILE THEY FAMOUSLY HAD 20 BILLION DOLLARS OF CASH ON HAND.
Why is this happening? Because THEY CAN (without paying significant additional tax on the earnings bump-up achieved by the downsizing). Because the executive making the order will be rewarded with a low-taxed bonus for doing so. Because it is "trendy" in the corporate world.
Increase the high-end taxes. Reverse the trend. Lower the American government deficit. Restore your country.

Muser of NM 5:51PM July 16, 2009