Cisco has 800 staff in Israel working in such areas as cloud administration, growth of processors, mobile communications methods and enterprise communications.
Veteran US communications firm Cisco Methods Inc. (Nasdaq: CSCO) has change into the newest tech large to announce main cuts in its workforce and workplace leasing contracts. Cisco mentioned that it’s going to 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 methods and enterprise communications. Nevertheless, 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 mentioned, “We’re right here as a result of there’s a lot to be taught from you, the ecosystem right here is tremendous spectacular and we’re chatting with firms on a regular basis. What we discover right here is just 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.
Revealed 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
