http://www.lightreading.com/carrier-sdn/sd-wan/ahujas-next-chapter-is-versa/d/d-id/728405?
14 replies (most recent on top)
a bloodbath in highest cost location SJC looks possible even inevitable next spring.
bxb is already dead - long live bxb. rtp might survive as a lot of marketing/TAC/AS gets run out of there for big east coast clients.
today lot of reqs where opened in bangalore and few in chennai. some of the teams in blr have suffered attrition and are presently understaffed. some are overstaffed though esp on the manual side of test.
I was unlucky enough to see the decline of Nortel and Alcatel-lucent, now Cisco is showing many of the same signs.I have to say that the morale and people just doing the minimum effort is just as I have seen before.
Cisco needs to cut expensives. They've already cut headcount so either another round of layoffs or some huge program will be defunded. They is no other option at this point.
The scariest stat is 7% down on switching. Without switching there is no Cisco. The company is too big to turn around now and the services business is way too immature and under invested to make any real impact to the bottom line. Cisco won't sell service that aren't profitable from day one..... Well good luck competing with HCL, Atos, HPE, IBM and all the others then!
Ever noticed in the annual report that just came out the ELT gave themselves big bonuses and RSUs for this lackluster results.
@irm - Why did Chambers stay as long as he did? His Cisco clearly missed several huge market transitions and failed to make critical infrastructure and R&D investments, his organizational structure and leadership culture were/are a mess, and his financial and staffing strategies created a talent vacuum. Why didn't he leave while there was still plenty of time for someone else to right the ship?
Why do you think Chambers left when he did? Absolutely tried to protect his legacy. He couldn't turn the company around, so he split, and made the implosion Chuck's problem.
Ask most execs, and they'll tell you Chuck won't be around long. Unwinnable job.
book to bill ratio is smaller than 1....this indicates further sequential and YoY declines i would imagine.
nortel I think collapsed from $10+b annual to nothing in 4 years. towards the end they even stopped coffee and paper cups in the pantry's ... you bring own mug and own coffee
same story for lucent, except that it was even more messed up.
Nortel who? How fast did they lose relevance?
friend who is a ex-Nortel veteran says this is a repeat of nortel and lucent circa-2000
thats not a good sign imo :(
Actually, one good quarter Chucky specifically said the performance was due to economic tailwinds so we shouldn't pat ourselves on the back too much.