Cisco to Accelerate Hiring to Meet Emerging Market Demands
Katie Cordrey — June 6, 2010 — Eco
References: tech.fortune.cnn & businessweek
According to Chief Executive Officer John Chambers, Cisco Systems Inc. expects to hire about 3,000 workers worldwide over the next two fiscal quarters. The increased hiring will help the company to grow with emerging businesses. The hiring will include a smart-grid ramp-up. Videoconferencing systems and consumer products are other business growth areas that Cisco hopes to profit from.
About 1,000 workers were added in the San Jose-based company in the quarter that ended May 1. Given the ever-growing need for energy efficiency, a smart-grid ramp-up may be a smart move for Cisco.
About 1,000 workers were added in the San Jose-based company in the quarter that ended May 1. Given the ever-growing need for energy efficiency, a smart-grid ramp-up may be a smart move for Cisco.
Trend Themes
1. Smart-grid Technology - Smart-grid technology is emerging as a trend to watch, as companies like Cisco hire workers to meet the increased demand.
2. Teleconferencing - As videoconferencing systems continue to grow in popularity, companies like Cisco are capitalizing on this trend by expanding their product offerings and hiring more workers.
3. Consumer Tech Innovation - With the rise of consumer technology products, companies like Cisco are finding new opportunities for growth and are set to hire even more workers to capitalize on this trend.
Industry Implications
1. Smart-grid Industry - As smart-grid technology continues to gain traction, the industry is ripe for innovation and growth opportunities, particularly in areas like renewable energy and energy storage.
2. Telecommunications Industry - With the increased demand for teleconferencing tools, the telecommunications industry is set to see significant growth opportunities and potential for disruptive innovation.
3. Consumer Technology Industry - With the rise of consumer technology products, the industry is seeing a surge in innovation and growth opportunities, particularly in areas such as wearable technology and the Internet of Things.
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