Layoffs: Maria Martinez, CISCO’s chief operating officer departs

Maria Martinez’s next move is unknown.

By  Storyboard18Feb 21, 2024 6:58 PM
Layoffs: Maria Martinez, CISCO’s chief operating officer departs
Maria Martinez started off at AT&T Bell Labs and went on to work across Motorola, Embrace Networks, Microsoft, Declara, Plantronics and Salesforce. Last week, Cisco System announced that it would cut five percent of its global workforce, or more than 4,000 jobs.

Maria Martinez, who led Cisco, an American multinational digital communications technology conglomerate corporation, as chief operating officer, has stepped down from her position. Her departure comes on the heels of an impending $28 billion acquisition of Splunk, a software company.

Martinez stated, “Today we announced that I will be departing Cisco after 6 years. As Cisco moves into its new chapter with the Splunk acquisition, it’s the perfect time for me to do the same. Cisco will always be special for its unmatched culture. I am incredibly proud and grateful for the accomplishments and character of my team.”

Martinez started off at AT&T Bell Labs and went on to work across Motorola, Embrace Networks, Microsoft, Declara, Plantronics and Salesforce. Last week, Cisco System announced that it would cut five percent of its global workforce, or more than 4,000 jobs.

As the company lowers its revenue target, it tries to sail through a tough economy which has been hit by layoffs starting early 2024.

Clients in the telecom industry have put restrictions on their expenditure and so analysts expect that the demand for Cisco products will remain under pressure.

First Published on Feb 21, 2024 6:58 PM

More from Storyboard18

Brand Makers

Dabur streamlines portfolio, exits tea, diapers to boost premium hair care, beverages

Dabur streamlines portfolio, exits tea, diapers to boost premium hair care, beverages

Brand Makers

'India is rapidly becoming a creator nation': YouTube CEO Neal Mohan

'India is rapidly becoming a creator nation': YouTube CEO Neal Mohan

Brand Makers

Dabur plans aggressive acquisition strategy to build future-ready portfolio

Dabur plans aggressive acquisition strategy to build future-ready portfolio

Brand Makers

Godrej Consumer stands firm on ad spending, bullish on in-housing capabilities; 'Big believers' says MD Sudhir Sitapati

Godrej Consumer stands firm on ad spending, bullish on in-housing capabilities; 'Big believers' says MD Sudhir Sitapati

Brand Makers

BSC's Shantanu Deshpande on betting big on "Make in India" for sustainable grooming's future

BSC's Shantanu Deshpande on betting big on "Make in India" for sustainable grooming's future

Brand Makers

Third edition of Storyboard18's 'Share The Spotlight' is coming to Delhi!

Third edition of Storyboard18's 'Share The Spotlight' is coming to Delhi!

Brand Makers

Delhi HC stays copyright injunction against AR Rahman in 'Veera Raja Veera' case

Delhi HC stays copyright injunction against AR Rahman in 'Veera Raja Veera' case

Brand Makers

Ethics over empire: At Delhi Lit Fest, Dr. Thomas Mathew peels back the layers of Ratan Tata

Ethics over empire: At Delhi Lit Fest, Dr. Thomas Mathew peels back the layers of Ratan Tata