Analysts praise latest Cisco job cuts

SiliconANGLE founder John Furrier sees the latest reductions as a proactive step towards driving long-term growth rather than an act of desperation. ”Cisco is retooling for the
converged-infrastructure-meets-cloud game where they are behind, yet have a huge installed base to transform. This will require a step back for a big step forward,” Furrier said.
“Cisco hasn’t had the massive brain drain other companies have had, so analysts think they are well-positioned for growth.”

Wikibon analyst Stu Miniman agreed that the firm is not maneuvering around any immediate icebergs. “Cisco is a big company with many different businesses,” he noted.
“Yes, things like SDN are important and have potential to disrupt Cisco’s dominant position in switching, but it’s still very early for this to have any direct impact on employment.”