Hitting The Ground Running
From responding to the global COVID-19 coronavirus pandemic to postponing one of its biggest events of the year amid worldwide outcry over racism and inequality, it’s safe to say that 2020 has thrown Cisco some unexpected curve balls.
The San Jose, Calif.-based tech giant is certainly not immune to macroeconomic issues, but the year so far has served up a trade war between the U.S. and China that impacted the tech sector. At the same time, two other societal and global issues came to the forefront. COVID-19 forced many employees around the globe out of the office to work from their homes, and businesses needed to quickly get the right tools into their hands of their staff to enable remote working. Cisco came to the rescue with free collaboration and security tools, as well as a $2.5 billion business recovery program to extend financing to cash-strapped businesses that have been hit hard by the pandemic. At the same time, Cisco hit pause the day before its virtual Cisco Live event was about to kick off in the midst of worldwide outcry over the death of George Floyd and resulting protests. The firm stepped up to the plate with a $5 million donation and commitment to be a part of the change needed to eradicate systemic racism, xenophobia, inequality, Cisco’s CEO Chuck Robbins pledged.
Then, there were the acquisitions and executive reshuffle. Cisco is in the process of closing two deals; one for network monitoring company Thousandeyes, and wireless IoT provider, Fluidmesh Networks. In March, Cisco also unveiled a large-scale revamp of its technology business segments and an executive shuffle to go with it.
It’s safe to say that Cisco has been busy this year and is showing no signs of slowing down. Here are the 10 biggest Cisco news stories of 2020…so far.