Is there a way to avoid some taxes this way? I find the maximum contribution limits confusing as to how much over-50 workers can direct to 401k. Is it just the catch-up amount?

Upvote this thread if you like this ER, downvote this thread if you do not like this ER

Has anything been said about being able to participate in the Retiree Medical Access Plan (RMAP)?

One of the reasons why Cisco will come back stronger after the layoffs is because this work from home "culture" has proven that you do not need a million managers, a million meetings and a billion PowerPoint slides to accomplish something. The... — read more 

SAN DIEGO, Aug. 18, 2020 (GLOBE NEWSWIRE) – The Shareholders Foundation, Inc. announces that a lawsuit was filed by the California’s Department of Fair Employment and Housing against Cisco Systems, Inc over alleged discrimination toward an Indian... — read more 

This package is the equivalent of a single wide trailer

For folks in the US. given the time it takes to get a GC and citizenship, most who are US residents are around 45-50+ . And, if folks with H1B cannot opt for Option 2 (20% cut in pay, am happy for them!), no offense! Then, option 2 applies to US... — read more 

about half of what was offered in 2011: 9 months base salary plus 1 week of Weekly Base Pay for each completed Year of Service from the 10th Year of Service to the 19th Year of Service; and (ii) 2 weeks of Weekly Base Pay for each completed Year of... — read more 

Suppose Cisco gives you a year's salary as part of the ER/LR. Do they give you a lump sum or continue the bi-weekly payments? If they give you a lump sum the income tax would be severe unless lump sums like this are treated differently from... — read more 

There is no future in hardware. Even with Cisco ACI most customers are refusing to adopt it once they get a taste of how they accomplish the same thing with cheaper in house clouding computing (openstack) or external cloud like AWS or GCP. Way too... — read more 

Anyone get the email outlining the ER package? Still waiting. I love how, other than giving vague brush strokes about your impending EOL, you have no idea about how it's going to happen. Who sends the email, Fran? My manager? My director? My SVP?... — read more 

https://www.crn.com/news/data-center/dell-hires-cisco-canada-president-as-new-global-channel-chief ‘I have a degree in getting things done. And getting things done really quickly,’ says Rola Dagher, Dell Technologies’ new global channel chief... — read more 

I see lot of junk people who just does clerical work for the managers/Sr.Managers and tries to showcase they are key infront of the team. Funny part is someone saying scrum master without scrum board in place

Cisco also unveiled plans for a $1 billion cost-cutting program, most of that to take place by the end of the current quarter—job cuts will be part of the equation. William Blair’s Ader remains cautious. “Put simply, we believe Cisco missed a... — read more 

Will they remain?

My VP (who is really a manager) tells me not to worry as this ER/LR is only meant to impact employees with brains!

day of rEckoning is Mañana

Any thoughts on LR safety if your FY19 IPF was 1.33? At the time I thought it was pretty good. But I missed the cut.

Lots of proud looking people claim to be in some department called “Sales Acceleration”, many have never been in sales. Can someone explain this bit of logic?

Cisco, the darling to the dot com era with the highest valuation in the world in 2000 is now reduced to a pile of dump. Once upon a time saying you work at Cisco was a badge of honor. Now, it is a sense of shame. No company wants to hire Cisco... — read more 

Are the 1:1 meeting invites coming this week for the Hunger games August edition ?

So, according to Nasdaq, beside all our troubles, we have some bright spots like security revenue, rising deferred revenues, revenue from our Webex video collaboration platform, mix of software and subscriptions that maintain competitive advantages... — read more 

How much do AMs make?

CX is the most useless group at Cisco. It’s all basically generating useless deliverables that nobody reads and handing off stuff to India. 90% of this group barely does anything.... And this is coming from someone in CX lol.

Remember when Gerrie was bragging about how she hit her number like 1220 quarters in a row? Is it still called ER when u have been around that long?

Interesting coincidence that 7000 people opt for a bullet in the year GSX gets canceled! Very interesting!

On getting canned! ELT makes it sound so nice and clear. Why not start with ELT and making them eligible to participate and save thousands of jobs.

For those with previous LR/ER in Sales. What is the formula for yearly income based on: TTC or base pay?

lets skip the bs and plaintalk, this layoff is a forced retirement of older workers. no if and or buts. any other claim is a fallacy

We are likely only hearing part of the story. I am hearing that management is also being offered retention bonus’. Perpetuation of the problem.

Safe or screwed? I honestly have no idea what this team even does.

For comparison here are the highlights of the severance package from the last ER offering in 2011. 2011 ER package: Severance: 12 mos salary plus annual salary incentive target amount 401k: one time payment equal to approx. 2 years of company... — read more 

We know where r&d will increase or remain. So which product lines are getting cut?

Cisco used to be one of the best companies to work for - not so much today. In your opinion, what changed?

With her Cisco would have been essentially out of business years ago.

The ELT is doing social engineering in company. this is very dangerous and will destroy the company. they think, ok, software is the key and let go those hardware, old fashion employees. this is the most stupid management even kelly herself doesn't... — read more 

think about that for a moment calculated this out and its true #incomeinequality

If you take the ER or one of the subsequent LR packages, are you eligible for unemployment? (I'm in California)

Any idea what the latest layoff package looks like? Is it the same approx 4 months?