Cisco has announced it will cut another 4,000 jobs as part of its continued cost-cutting measures to try and streamline the business.
The firm has been cutting jobs for a number of years now, having grown somewhat unwieldy and directionless in the past years, which has also led to a shedding of redundant business units.
Despite the cuts already made – the most recent of which saw 1,300 jobs axed in July last year – the firm decided more needed to be done, with the Cisco chief executive announcing the further redundancies during the firm’s fourth quarter earnings call for 2013.
"The environment in terms of our business is improving slightly but nowhere near the pace that we want," he said on a conference call. "We have to very quickly reallocate the resources."
Chambers said the firm would look to "hire back" as many of these people as it could into new areas of the business that it is focusing on, such as its internet of everything push. He acknowledged, though, that the market remains tough.
"The economic recovery is slower and more inconsistent," he said.
Despite this, the firm posted revenue growth of 6.2 percent in the last year from $11.7bn to $12.4bn, which Chambers said was proof the firm was having success in its key markets.
"Now, more than ever, our customers and our partners want Cisco's help navigating the inconsistent global landscape successfully," he said.
"They recognise the benefit of a partner who is not only the leader in their product categories, but can bring technologies and solutions together in an architecture to lower operating costs, reduce time to results, and future-proof their investments."
The job cuts and revenue growth comes amid a period of expansion for Cisco, which has splashed out for numerous firms including Swindon-based Ubiquisys for $310m, security giant Sourcefire for $2.7bn and SolveDirect to help boost its portfolio of products.
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