Cisco saves $490 million by implementing flexi timings for employees

Firm offers this work option to 80% of its staff, saves $196mn on opex and garners $294 mn via building sales


US-based technology giant Cisco’s decision to implement flexible timings for its staff globally has resulted in savings worth $490 million on real estate portfolio. At the same time employee satisfaction has increased dramatically.  Cisco, which is among the early adopters of flexible timings, provides this working option to over 80 per cent of employees, who are free to work from anywhere. As a result of its workplace transformation since 2012, Cisco has saved $196 million in opex year-on-year around real estate, while garnering $294 million through building ...