As the brave medical workers throughout the world are working around the clock to help treat corona victims, one wonders what the worlds’ richest are doing to combat it. Obviously, they have got to do something right? I mean they have the resources which can greatly help everyone win this battle. Well, I don’t know about others but one company that has come out in support for this cause is the Silicon Valley giant Cisco. Yup, Cisco has planned to contribute $225 million to support this fight against COVID-19 (coronavirus).
Cisco against Coronavirus
Tech giant Cisco is well known for manufacturing telecom and hardware equipment. Recently, Chuck Robbins, the CEO of Cisco, confirmed via a blog post that the company was ready to commit the huge sum of $225 million for response against coronavirus.
Now, the sum that they have mentioned is going to include cash, in-kind and planned-givings. Basically, they have allocated $8 million in cash and $210 million in products. This move comes from them as the United States has seen a surge in the number of victims suffering from coronavirus. However, Cisco has confirmed that the funding will not be focused on the citizen of the U.S alone. Rather, the post read that part of the fund will indeed go to the United Nation’s COVID-19 Solidarity Response Fund. Moreover, the resources that they have allocated will focus on supporting healthcare and government response against the virus.
The fact that over 400 people have died due to corona-virus in the U.S has shaken the Silicon Valley. Now they are trying to invest their resources into the groups trying to fight the corona-virus. The U.S has over 35,000 people already infected by the virus. Thus, it was only a matter of time before the tech giants of Silicon Valley made a move.
Others to follow Cisco’s suite?
Moreover, Chuck Robbins also hosted a call with leaders of other tech companies. Apparently, the main focus of the meeting was about how tech companies can utilize their resources in this battle against COVID-19. CEOs of Facebook, Apple, Netflix and more were said to have taken part in that meeting.
Afterward, we got to know that Facebook has pledged to provide $100 million in cash and ad credits for 30K small businesses. However, they have to be eligible. Furthermore, they are also giving out a $1000 bonus to each of their employees.