I left a decent job to join Cisco eight months ago. With the job market the way it was then, it didn't even occur to me that there might be cuts any time soon. Now I'm at risk of being laid off less than nine months after being hired. I've done my... — read more
Congrats to the Disney Board of Directors For Firing CEO
When will the Cisco Board of Directors finally do their Job?
I don't see why there's a need for layoffs
Take my group for example. We are painfully understaffed. Whenever we do get new people, they usually leave before they hit the 1-year mark. We recently had someone quit less than a month after joining. Then we have a bunch of old-timers who are... — read more
Is the list already prepared?
Is the list already prepared for Dec 12 LR.? Or are they working on the list now only?
A bit off-topic but please respond
Have You Had Any Pay Adjustments in 2021 and 2022? Hello All - I work in the IT department of a Fortune 500 company who is not a competitor. I wanted to see if I can learn what other Fortune 500 companies did in 2021 and 2022 in terms of adjusting... — read more
GSSO LR Layoffs
Any update
I'm probably on the list
My manager has been reluctant to assign me to any new funded project. I've been in a perpetual state of holding/clean-up/helping co-workers since late August. Granted our business group is in a state of chaos due to a major initiative being... — read more
The biggest mistake of Chuck is by hiring the wrong people for the ELT
I think that many of you can agree to the above statement. CR made too many mistakes by hiring some wrong people to it ELT.
The main problem of Cisco is lack of a clear vision
During Chambers time as CEO he set a clear vision for Cisco - “Change the way we work, live, learn and play”, along with his decision to be either number 1 or 2 in each product category Cisco sell. This vision brought Cisco to be a true leader in... — read more
First Comes LR, Then Comes iACV!
Should be a fun next few months. They'll start with the LR and then follow that up with re-releasing the worst comp plan the company's ever seen in second half!
Decision to cut employees right before holidays
Demand for knowledgeable engineers and people with great skillset is always high, but in this period, hiring is extremely slow. Laying off employees right before holidays - did it really have to be like that? If the timing was a little better, if... — read more
I wish I was laid off a few months ago
It would have been so much easier to deal with this while the job market was on fire. Whoever is laid off now will be lucky to find a job within six months, at least! I don't care how good the severance is, at some point, it'll run out. And if I... — read more
Why Not Layoff 5000 Employees That Are Working Two Jobs?
This would save those of us working only for Cisco a trip to the unemployment office Amazing to me that Fran ignores what everyone already knows about this behavior
Years of Service additional weeks and Accelerated Vesting details
Can someone share? I believe in the past you got 1 extra week for every year of service over 10 and 2 weeks for every year over 20 years if service. So 21 years would be 12 additional weeks, for example. On stock acceleration they mentioned is it... — read more
Layoffs in ELT
A leader who leads by example positions himself as a credible person who deserves to be respected and trusted. I now expect Chuck to lay off one ELT member as well. Who do you propose?
Sinking Ship
The company needs to shed a lot of weight. They should lay off ineffective first- and middle-line managers, incompetent ELT members, overpaid and overcompensated leaders, and useless organizations. Their sales force is a joke too. I miss the times... — read more
Pay, Pay, Pay...
Cisco CEO Chuck Robbins plans to commit an additional $1 billion over the next year in an effort to increase salaries and retain workers, The Information reported on Friday. Robbins made the pledge during a meeting with managers earlier this month... — read more
LR announced today
https://www.bizjournals.com/sanjose/news/2022/11/16/cisco-announces-600m-restructuring-layoffs.html?fbclid=IwAR209j8xcoGJudUP1xESXxkPU04FXBSjMpS8Op3GhoZkDRxYs9B-lf0TPfk&mibextid=Zxz2cZ
Restructuring is code for age discrimination.
Obviously this is just an attempt to get rid of boomers and many GenX. It will be heavily skewed towards older workers. While the severance package initially appears to be generous consider that if you are over 50 you are going to have a tough... — read more
LRs in OneX/CPX?
Did MM mention updates on headcount reduction in OneX/CPX?
Math - how much does it cost to lay off ONE employee?
I am thinking about that $600M number. How much does it cost to lay off ONE employee? Is it close to $100K (in that case we are looking at 6K layoffs)?
Frank Question: Why NO early retirement option at this time?
It does not cost them that much, why are they changing this now. Just curious...
CX Layoffs
Did Maria confirm? I left in 2022, the grass is greener - do not fear LRs. Good luck guys!
Why Be At Cisco?
Let's be honest. The award for being one of the best companies to work for is a pay for award, based on Made up sh-t on an application..by Fran. Majority of BU are sucking wind and paying way too many executives with way too many Chiefs of Staff and... — read more
Cisco Webex teams impacted ?
Just curious
SBG and Meraki are the most safe
Just saying. Stop posting Meraki posts, you'll be just fine.
BIG BLUE BUTTON: See only active posts!!!
For new folks here, there is a large "ACTIVE" button right above the first thread... you can use it to see what posts had recent replies. That's all from me. Anyhow, I hope this helps someone. Good luck all....
November 16, 2022 - Cisco Plans Big Severance Payout, Restructuring to ‘Key Priority Areas’ Written by James Anderson
Source Below (Channel Futures / Networking) "What we're doing is right-sizing certain businesses," CEO Chuck Robbins told investors. Cisco Systems‘ plans for a restructuring cast a shadow on the strong gains the company reported in cybersecurity... — read more
Desperately need engineering leaders in ELT
Who's the CTO? Where are the engineers/builders/scientists in the ELT? Shouldn't they be equally represented?
ELT hypocrisy
Is our ELT so mediocre that they fail to realize LRs are a direct consequence of their incompetence? Or are they all just hypocrites?
Cisco Moves People Around to Try and Cover Up Losses in Competitive Landscape
This is what the checkin title should have been. AppD - failure, Security - bad shape, WebEx - lost to MS Teams and Zoom, Cat9K/DNAC - Rampant product quality/code quality issues, Compute - Losing to Cloud, DCN? Meh, FSO? Not even a real product... — read more
Severance: Are we sure no change to Severance?
Are they planning to change Severance rules?
Dec 12th
Ho Ho Ho
Cisco mostly cuts the wrong employees
Management affects how effective and progressive the workplace is. If managers pick employees towards whom they feel some kind of animosity to be cut, instead of those who do not add any value to the company, then it is not at all surprising that... — read more
READ CAREFULLY
The script for today's checkin ELT discussed the 5% LR that was shared on the Earnings Call. Per ELT, it is not about cost-cutting or performance management, rather rebalancing the business. Impacted employees will be notified beginning December... — read more
$600 Milliion Restructuring Converted into Number of Employees
Can 600M be convered into 4000 laid off employees? That gives me $150K per laid off employee, is this reasonable?
Amazon appears to be more interesting to media
Our layoffs seem to have been dwarfed by Amazon's in the news. There is one article to every five that mention Amazon. Even in articles that focus on Cisco layoffs, Amazon is mentioned. I guess we're not that interesting anymore, now that the big... — read more
Employee "Restructuring" call at 12pm CST
CR will say anything to keep the share price and his money safe... Your job and your family's livelihood right before the holidays?? Expendable!