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Cisco: Job Listings Drop 93 Percent in a Week

November 21, 2008
by Eric Savitz
Blogger and Columnist, Barron's, Tech Trader Daily

Eric Savitz

Cisco (CSCO) is apparently following through on its plan to reduce hiring.

Aaron Rakers, an analyst at Wachovia Capital Markets, does a weekly check on job listings for the companies he covers, and this week came across a “startling reduction in listings” by Cisco. In a research note this morning, he points out that the total number of listings has dropped 93 percent in the last week, from 1,830 openings a week ago to only 128 today. He notes that there were 2,678 jobs listed at the beginning of October. Listings for jobs in the U.S. and Canada fell to 52, from 675 a week ago. European listings dropped to 28, from 311. Asia/Pacific jobs fell to nine, from 162. Emerging markets openings fell to 36, from 643.

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