Cisco has 800 staff in Israel working in such areas as cloud administration, growth of processors, mobile communications techniques and enterprise communications.
Veteran US communications firm Cisco Programs Inc. (Nasdaq: CSCO) has grow to be the newest tech large to announce main cuts in its workforce and workplace leasing contracts. Cisco stated that it’ll lay off 4,000 staff, worldwide, representing 5% of its workforce.
Cisco has 800 staff in Israel working in such areas as cloud administration, growth of processors, mobile communications techniques and enterprise communications. Nonetheless, sources near Cisco in Israel say that its native operations won’t be affected by the cuts.
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Cisco CEO: Israel is a mannequin of innovation
Cisco CEO Chuck Robbins was a particular visitor on the Globes Enterprise Convention on the finish of final month. He advised Globes writer Alona Bar-On that Cisco had acquired Israeli firms for $7.2 billion and invested much more within the nation.
He stated, “We’re right here as a result of there’s a lot to study from you, the ecosystem right here is tremendous spectacular and we’re talking to firms on a regular basis. What we discover right here is solely unbelievable.”
Cisco Israel, led by managing director Oren Sagi has doubled gross sales over the previous 5 years from NIS 500 million to NIS 1 billion.
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 17, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
Cisco credit score: Valeriya Zankovych Shutterstock
