Reorganisation isn’t new to the tech multinational Cisco. It happened under its long-time CEO John Chambers and it is happening under its new CEO Chuck Robbins, although more swiftly, as he overhauls the business model itself.
Cisco makes network equipment like routers and switches and also the software to power them. These devices help in the transfer of information between devices that are part of a network. The company is now moving to a business where it is counting on software and subscription-based solutions to have a recurring revenue.
That means Cisco is doing away with some business, acquiring newer ones, changing reporting structures and letting people go.