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Author Topic: Cisco gets shut out of China; Lays off 500, Stagnant Outlook  (Read 912 times)

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Offline windsmurfTopic starter

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Cisco gets shut out of China; Lays off 500, Stagnant Outlook
« on: August 16, 2019, 01:54:25 am »

Cisco admits being "uninvited" by Chinese enterprises; sheds jobs, provides stagnant forward guidance, as it moves contract manufacturing out of China to reduce tariff costs.

https://www.theregister.co.uk/2019/08/15/cisco_job_cuts/

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Offline David Hess

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Re: Cisco gets shut out of China; Lays off 500, Stagnant Outlook
« Reply #1 on: August 16, 2019, 04:10:05 am »
Cisco should have been prepared for that years ago for many reasons having nothing to do with the current kerfuffle.
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