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Cisco Innovation Surge Defies Stagnation Claims
20 Feb
Summary
- Cisco's chief product officer refuted claims of employee stagnation.
- The company reported 18% bookings and 10% revenue growth last quarter.
- Cisco's leadership highlighted significant innovation in 18 months.
Jeetu Patel, president and chief product officer at Cisco, has responded to comments suggesting long-tenured employees are unemployable. He stated that such remarks, made by venture capitalist Vinod Khosla, are provocative but not entirely accurate.
Patel highlighted that Cisco has experienced a significant period of innovation over the last 18 months. He asserted that this level of innovation surpasses that of the preceding decade, attributing this momentum to the dedicated contributions of long-serving employees.
To further counter perceptions of stagnation, Patel cited Cisco's recent financial results. The company achieved 18 percent bookings growth and 10 percent revenue growth in its latest quarter, demonstrating market recognition of its sustained innovation efforts.
He expressed pride in employees who have dedicated 15 to 20 years to Cisco, noting that many find the work intellectually stimulating. Patel indicated that these employees choose to remain with the company due to the engaging and challenging nature of their roles, even as AI continues to reshape the tech landscape.
