Update 7/21/2015 - 4:02pm:
Network World: "As Cisco's fiscal year nears an end, not all of the anticipation is giddy excitement about the CEO transition. Perhaps as much is in stark sobriety of the company's seemingly annual rite of summer, the Limited Restructuring."
A Cisco Summer - As another fiscal year closes, a time for reflection... and reduction?
Update 6/4/2015:
Incoming Cisco CEO Chuck Robbins Unveils New Executive Leadership Team
Breaking news:
"According to one source Warrior's last day on the job will be July 25..."
Cisco CTO Departs Company Following Management Shake-Up
Yesterday, the Boston Globe revealed the "absolutely twisted logic" behind Cisco's layoffs:
"The Boxborough workers learned that at the same time they were being laid off the company was continuing to spend billions of dollars to buy back its own stock, a move designed to reduce the number of shares on the open market and perhaps boost its relatively stagnant share price."
Now Cisco will layoff its executive team:
"Today I am announcing that at the end of this fiscal year, Rob and Gary will be leaving Cisco."
Is anybody safe at Cisco?I mean, who's next?
According to Cisco CEO Chuck Robbins:
"Looking ahead, I will announce my next generation organizational structure and my leadership team within two weeks. This simplified structure will allow us to move with speed to accelerate our innovation and help our customers transform in the digital age."
Don't be shy, let us know who you think will be next.
Related stories:
A Cisco Summer - As another fiscal year closes, a time for reflection... and reduction?
Next Generation Executive Leadership Team
Incoming Cisco CEO Chuck Robbins Unveils New Executive Leadership Team
Cisco CTO Departs Company Following Management Shake-Up
Leadership Transitions for the Digital Age
Keep Skating to Where the Puck is Going, Not Where it is
Next Chapter for All of Us
US companies pour billions into buying back stock, but workers — and the economy — may be paying a high price
