Cisco's announcement on Wednesday that it plans to lay off 5,500
employees is unlikely to be the last round of Silicon Valley pink slips
as hardware companies struggle to keep up with rapid technology shifts,
analysts and recruiters said.
Companies that traditionally have made most of
their money selling computers, chips, servers, routers and other
equipment are especially vulnerable, analysts say, as mobile
applications and cloud computing become increasingly important.
The Cisco layoffs come in the wake of Intel's announcement in April that
it was laying off 12,000 workers. Dell said in January it had shed
10,000 jobs and is expected to make further cuts after it closes a $67
billion deal to acquire data storage company EMC.
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