5 ms·

There is very little information in this article. In fact, the headline pretty much sums it all up. A quote or two to put this in context would have been nice.

• tptacek 18y ago
  Raise your hands if you believe Cisco is closing to "give employees a little more time off to enjoy the holidays". Anyone?
  • jm4 18y ago
    You don't have to be a jerk about it. My point was that there was almost no substance to this article and nothing to back up its claims. It's simply bad journalism. That's a valid point no matter what the reason is for the shutdown. We should expect more from stories submitted here.
    • sahaj 18y ago
      i have a "friend" who "works" there. this really is a cost saving effort.
      • jm4 18y ago
        I had my doubts after reading the gigaom article, but the Reuters article I found mentioned a statement from a Cisco person saying it is a cost saving measure. I guess it's a safe assumption that employees will not be paid for these days. Can your "friend" share a little more information? So far, there seems to be very little information available.
        • corentin 18y ago
          If what you say is true, this measure doesn't seem to make any sense. If their employees cost more than what they produce every day, doing nothing for 4 days is similar to closing your eyes and wishing the problem away.
          • tptacek 18y ago
            If they're losing money every day, closing down for 4 days makes sense.
            • corentin 18y ago
              Yes, as much as closing down for the whole year.
              • tptacek 18y ago
                While that's an oversimplification to be sure, what you just described is also known as "returning the money to the stockholders".
          • arockwell 18y ago
            I think that's a little bit of an oversimplification. Their two basic options are a shutdown or layoffs. I'm guessing they are doing the shutdown and hopes that sales rebound and they can avoid a round of layoffs. There is a cost to laying off people as well.
        • ninjackn 18y ago
          I don't have a friend at cisco but I have friends in other large name companies and usually when they force shut down (esp. around the holidays) It comes out of the employees vacation days.
        • burnout1540 18y ago
          My friend works at Cisco and told me about this last week. They are indeed taking the days out of their employees' vacation days. If they don't have any vacation days, they will be on unpaid leave for the week. This type of thing has also happened to other friends of mine. It's a cost-saving maneuver and also helps lower the companies' liabilities due to having so many vacation days on the books (since the company has to pay you money for each vacation day you have once you leave).
• arockwell 18y ago
  I can't find anywhere in the Reuters article where it explicitly says employees will not be paid. However, both articles say that this is a cost saving measure. I don't really see what is the big deal with the gigaom article.