News Stay informed about the latest enterprise technology news and product updates.

Cisco imposes week-long US and Canada operations shutdown to slash spending

When Cisco CEO John Chambers says he plans to slash spending, he means it. Cisco has implemented a mandatory shutdown of U.S. and Canadian operations between December 29 and January 2.

During his fiscal year ’09 Q1 report, Chambers said the company would reduce expenses by $1 billion, slashing travel and discretionary-related expenses, including events, tradeshows, marketing and other activities.

Cisco has already cancelled its November Women’s Leadership Forum and its August 2009 Global Sales Meeting. The company will hold its annual C-Scape event in December, but it will be smaller than usual.

The company also still plans to hold its partner summit in Boston scheduled for the first week in June.

During the coming shutdown, a couple of business-critical Cisco departments will remain open — one being technical assistance. Cisco did not release exactly how much cash the shutdown will save.

Join the conversation


Send me notifications when other members comment.

Please create a username to comment.

What is the biggest pressure on your IT hiring strategy?
Lack of strategic direction.
Lack of funding or management support are key issues in my environment concerning hiring.
Business expectations are high, but we can meet them if we can get sufficient talent onto the team. Unfortunately, that is increasingly difficult right now. We have a strong core, but are struggling to add to it.
Meeting the business requirements for growth, regulatory compliance, cost management and innovation.
Finding the right skill set for a forward moving bust still strongly legacy application. It means we need to find programmers and testers that have both up to date skills with "the new hotness" languages, yet still have the depth of knowledge and effectiveness with languages that are just not as hip as they are today. At some point, we will migrate to a newer stack, but for now, it sometimes feels like we are looking for a purple unicorn.
CIO's are hung up on hiring cookie-cutter employees with specific skill sets. Give me a candidate with basic skills and a great work ethic, and I will train him/her to do the required work. You are simply NOT going to find Mr. or Ms. that fits your exact job requirements. This cookie cutter mentality simply not work. I see ads on Career Builder demanding skillset A, B, f, and K. Those jobs will go unfilled until companies wake up that very few IT professionals have the exact skillset you want. Find a good IT generalist and teach them what they need to know to fit your requirements.
Management expects maximum returns from minimal investment in IT Talent
Great points. In today’s environment where specialized IT skills are in high demand, concurrent with the need to keep departmental costs down, working with cloud technologies allows IT departments to meet their goals for increased productivity in a cost-effective manner.
where's the talent
Technology implementation is easy once the business gets focused and involved.
There should be a compromise between "Adapt IT to Business Process" and "Adapt Business Process to IT". Both are parts of the same organisation, that for its harmonization needs to have fluctuation field where everything should be smart and flexible enough to adapt acting as part of the same body.
Where a body's first hand doesn't arrive, a second hand, a foot or any other organ must run to help to complete the process: This should be automatic.
I think the business expectations are one too many and finding a talent to match the same requirements. Also, business is expecting less cost to meet this equirements. This is likely to be the most important challenge as a CIO.
If you apply for a contract or a job, you have to fit their criteria exactly or else you are not considered. Employers want their employees/contractors to fit like a square peg in a square hole. If you don't fit exactly, you are not considered. Employers don't see the lack of talent. They still think it is an employer's market.