Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

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