Cisco plans to add 3,000 new employees to its roster

Cisco's (NasdaqGS: CSCO) ongoing investments in emerging market segments, including consumer video products, video conferencing and smart-grid network systems, is prompting it to increase its employee bandwidth.

Speaking at the recent Sanford C. Bernstein & Co. investor conference in New York, John Chambers, Cisco's CEO, said that the company plans to bring on 3,000 additional employees globally this quarter and next. In Q3 alone, a period that ended May 1, Cisco hired about 1,000 new employees.

Committing himself to the company for another three to five years, Chambers said his long-term 12-17 annual revenue growth goal is "within grasp." Reaching that growth goal won't be easy. In 2009, Cisco's sales declined nine percent due to the global recession. As a result it had to lay off 2,000 employees in addition to closing offices and a hiring freeze.

For more:
- Bloomberg has this article

Related articles:
Cisco 'firing on all cylinders' with strong fiscal Q3 earnings report
Cisco continues to tighten its belt
Cisco unveils new sales structure
Cisco unveils long-awaited CRS-1 upgrade
Cisco, TANDBERG combined partner program 9 months away
Rumor Mill: Cisco buying Nokia?

Suggested Articles

The personal information of hundreds of thousands of CenturyLink customers was exposed online via an open database that has since been closed.

The number of hyperscale data centers hit a new high-water mark in the third quarter, according to Synergy Research Group.

Comcast Business has extended its broadband and network management capabilities into parts of Canada via a partnership with iTel Networks.