A new round of layoff announcements at Dell and Cisco are a result of both companies currently losing core market share to new industry competitors: Arista Networks for Cisco, in their core networking business, and low-cost PC manufacturers like Acer for Dell, an analyst said Friday.
Scott Bickley, advisory practice lead at Info-Tech Research Group, was responding to major announcements from the two organizations regarding layoffs. The latest occurred Friday, when Reuters reported that sources, who were not authorized to speak publicly, had revealed that job cuts will likely be announced by Cisco “as early as Wednesday along with its fourth-quarter results.”
According to Reuters, the number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February.
