Silicon Valley: Cisco in Market for New Hires

Although huge layoff announcements have abated, it’s still rare to see a large Silicon Valley firm step up to the plate and drill the long ball to the opposite field.

Silicon ValleyCisco Systems’ announcement on Feb. 3 that the company plans to hire 2,000 to 3,000 people in the coming months appeared to be a solo home run shot. But if CEO John Chambers’ claim that “We are entering the second phase of the economic recovery” is accurate, other high-tech companies in the San Francisco Bay Area may experience similar growth in the current year.

Cisco’s hiring plans were spurred by a 23 percent increase in profit in the quarter ended Jan. 23 on a sales bump of 8 percent. The enterprise networking giant expects to add positions to support its growth plans in what Chambers referred to as “30 new adjacencies.”

Translated, that means Cisco foresees continued expansion into several new areas of growth – for the most part, in new technologies where the company already has begun beefing up its presence. They include video (last year Cisco acquired Pure Digital, maker of the popular handheld Flip video camera), cloud computing, internet security, and wireless technologies.

About one fourth of the new positions will be in the company’s services organization, including jobs for advanced and technical services engineers and project managers. The remainder will be in a variety of roles, including sales, finance, marketing, IT, manufacturing, supply chain, and HR. Cisco expects to actively recruit for some of these positions on college campuses, a spokesperson says.

But as with most things corporate, there’s a caveat to Cisco’s good news ¿ at least for Silicon Valley professionals. Only a portion of the new positions will be at the company’s headquarters in San Jose. “Not all of these jobs will necessarily be Bay Area-based,” the spokesperson confirms. The company had about 65,900 employees as of January, including about 18,000 in the Bay Area.

Contract Work, VC Funding on Upswing

One area that continues to show growth in the Bay Area is IT contract work. “We see many companies adding to their contract list,” says Russell Hancock, CEO of Joint Venture Silicon Valley Network, a public/private collaboration that focuses on regional issues. “Typically these are contract jobs for Ph.D scientists, research engineers, and IT contract workers.”

Another clue to which companies will be hiring technology and IT employees is to follow the money. In Silicon Valley, that means venture capital.

During the downturn money for tech startups had all but dried up, but in the first week of February at least half a dozen Silicon Valley and Bay Area tech firms snared new rounds of funding. Among them were Coulomb Technologies, a Campbell, Calif. startup that received $14 million to build charging stations for electric vehicles; Yammer, in San Francisco, which makes workplace communication tools, $7 million; Ustream, a video streaming service in Mountain View, $75 million; and Gigamon Systems, Milpitas, data center management, $22.8 million.

— Doug Bartholomew

Comments

5 Responses to “Silicon Valley: Cisco in Market for New Hires”

February 25, 2010 at 12:14 am, Ron Mendez said:

Is there any work for maintance or construction work?

Reply

February 25, 2010 at 11:13 am, yvette said:

i am looking for a job

Reply

February 26, 2010 at 1:57 am, Mirek said:

The main contractors benefiting from this are India tech giants: Tata Consultancy, Infosys, Wipr and HCL. Please go to Cisco in Tasman @ Zanker roads in San Jose to see who has jobs.
Cisco Chambers corporate employment strategy is based on workers from India.

http://www.alleyinsider.com/2008/10/cisco-ceo-john-chambers-man-do-i-love-india-csco-/page/1

The first question on employment application is race. The racial profile is used for screening applicants and is considered confidential strategic corporate information.

America is a land of the over schooled consumers and economically under educated employees.

H1B visa is a 6 years deal.
65 000 * 6 = 390 000 H1B visa workers have jobs, $ cost of unemployment for so many people per year is: 52*450*390 000= 9 126 000 000 about $ 9 billion, assume every year 40 000 foreign students graduate who get job permit in USA without visa, lost taxes = 33 000 * 390 000 = 12 870 000 000 about 13 billion, total loss to USA economy $ is > 9 + 13 = 24 billion

The State Department says they issued 130,183 H-1B visas in FY2008 (the cap is 65,000)

Loss to taxpayers is greater then 48 billion!

Reply

February 26, 2010 at 2:01 am, Miro_1 said:

The main contractors benefiting from this are three India tech giants:Tata Consultancy, Infosys, Wipr, HCL. Go please to Cisco in Tasman @ Zanker roads in San Jose to see who has jobs.

Cisco Chambers corporate employment strategy is based on workers from India.

The first question on employment application is race. The company racial profile is used for screening applicants and is considered confidential strategic corporate information.

Reply

February 26, 2010 at 2:04 am, Miro_2 said:

America is a land of the over schooled consumers and economically under educated employees. H1B visa is a 6 years deal.

65 000 * 6 = 390 000 H1B visa workers have jobs, $ cost of unemployment for so many people per year is: 52*450*390 000= 9 126 000 000 about $ 9 billion, assume every year 40 000 foreign students graduate who get job permit in USA without visa, lost taxes = 33 000 * 390 000 = 12 870 000 000 about 13 billion, total loss to USA economy $ is > 9 + 13 = 24 billion

The State Department says they issued 130,183 H-1B visas in FY2008

Loss to taxpayers is greater then 48 billion!

Reply

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