VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   As a part of its global restructuring plan, the networking company Cisco has reportedly reduced its workforce by about 500 people. According to a spokesperson from Cisco, “We routinely review our business to determine where we need to align investments based on growth opportunities. Cisco performed a limited restructuring that will impact less than 1 percent of our population globally. These actions are subject to local legal requirements, including consultation, where required." As a significant effect of the layoff, Cisco's alliance with EMC and other data center business development initiatives are expected to be affected, sources informed. Presently, Cisco's workforce stands at about 73,000 people worldwide.Karen Tillman, a spokeswoman for the company said that the employees have already been notified..... See More

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE As per latest information, global IT spending is expected to reach to a total of $3.8 trillion by 2013 end, a 4.1% increase from 2012 spending of $3.6 trillion. The report further revealed the information that the global devices spending is also expected to rise. According to an estimate, it is forecasted to reach $718 billion in 2013, up 7.9% from 2012. It’s worth noticing here that the devices spending includes the money spend on PCs, tablets, mobile phones and printers. Richard Gordon, Managing Vice President at Gartner said, “Although the US did avoid the fiscal cliff, the subsequent sequestration, compounded by the rise of Cyprus' debt burden, seems to have netted out any benefit, and the fragile business and consumer sentiment throughout much of the world continues. However, the new shocks are expected to be short-lived, and while they may cause some pauses in discretionary spending along the way, strategic IT initiativ