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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 72.11-0.3%Nov 5 3:59 PM EST

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To: Lizzie Tudor who wrote (64455)9/11/2003 2:44:21 AM
From: Stock Farmer  Read Replies (4) of 77397
 
I can't come up with cisco actuals anywhere. It LOOKS like 50% to me, based on empty bldgs and things like that, anecdotal evidence.

Can't be trying very hard. The data is published in Cisco's 10K report.

In July 2001, CSCO had 38,000 employees, 11,000 outside the US
In July 2002, CSCO had 36,000 employees, 10,000 outside the US.
In July 2003, CSCO had 34,000 employees, 9,000 outside the US.

So contrary to whatever you might think is happening, CSCO has reduced US employment by a total of 2,000 jobs over two years, or just under 8% while reducing its foreign employment by just over 18%. Pretty clear that Cisco not is reducing its local workforce by increasing outsourcing.

You've been beating that drum too hard on this and other threads. Might be time to step down from the soap box before someone coins a pejorative phrase, like "Overseas griping" or something.
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