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."
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."
"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.
