Will CISCO cut H1-B employees before it cut American citizens?
Cisco Systems begins what may be the biggest round of layoffs in its
history.Cisco is one of the biggest sponsors of H-1B visas in the country. The
question many are asking will they cut American citizens ahead of H-1B workers
strictly in the interest of cost savings.
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According to Reuters, it is estimated CISCO will eliminate up to 4,000 jobs
in coming months. That would represent 4 percent of Cisco’s 73,000 permanent
workers. It also has an undisclosed number of temporary contractors.
Cisco
cannot point to bad market conditions or a weak economy as excuses for wielding
the ax to its payroll. Instead, Cisco CEO took responsibility for mistakes in
managing Cisco, saying it needs to focus on its core businesses and be more
disciplined about expanding into new areas.
Cisco said that it planned to trim
its workforce as part of a plan to cut some $1 billion in costs from its annual
budget.
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