Neil H. Greenberg & Associates, P.C.

A Tale of Two Companies- Amazon Hires 6k Workers While Cisco Lays Off Same

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May 29, 2015-Two high profile U.S. based Corporations made very distinct and contrasting employment statements today.  Amazon announced the hiring of 6,000 workers in the United States while Cisco Systems announced they were laying off the very same number, 6000.

Amazon’s hiring will increase it’s fulfillment center workforce by approximately 10% in the United States.  Hiring in this segment of Amazon’s business will be to meet the growing demand for order fulfillment at its 50 Distribution Centers around the country.

Meanwhile Cisco Systems, the computer networking company,  will reduce it’s workforce the same figure, or approximately 8% of its workforce, to address financial restructuring of the company in difficult economic times.

The contrast between the two companies is a microcosm of the rollercoaster that has been the United States economy for the past several years; up and down.   For New York State workers the news has a particularly bad impact as none of the Amazon jobs will be in New York yet Cisco Systems is a New York based company.

To find out more:

http://www.industryweek.com/workforce/cisco-cut-6000-jobs

http://phys.org/news/2015-05-amazon-hires-6k-full-time-workers.html

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