Cisco Shutting Down Between Holidays

摘要

For the first time in its history Cisco will be shutting down during the year-end holiday season to save money The company plans to close for four days as part of its plan to reduce expenses by more than $1 billion in fiscal 2009,which was disclosed during its Nov. 5 earnings call. Cisco is looking to shave that amount from expenses in an effort to meet its internal budget during times of economic strife. "Cisco will be targeting reductions in travel and discretionary-related expenses," a Cisco spokesman stated in an e-mail to Network World."As part of this effort, Cisco will implement a mandatory year-end shutdown of the US.-Canada theater from Dec. 29, 2008, through Jan. 2, 2009, with some exceptions for targeted business-critical teams including technical assistance services and channel partner and customer product ordering services."