Topics regarding layoffs at Cisco Systems Inc.

Topics regarding layoffs at Cisco Systems Inc.

Double dip

Did I lose my years of service when I took the last ER package?

What went wrong?

Cisco used to make the best networking gear. What happened? Outsourcing, MBAs/sales guys running the place, commodification, rock star engineers more interested in newer areas of technology, innovators dilemma?

Where will LRs happen?

To the folks with inside scoop where do ya'll think LRs will hit the hardest? I'm hoping they aren't focused strictly on the AMER region as we tend to have the laws that easiest benefit the employer making it so easy to fire people. Hoping it's world... — read more 

Targeted Layoffs

Anyone else notice on the call when CT said, "We're going to do the LR differently this time. Instead of hitting all BUs evenly we're going to focus on the weaker ones." WTF is wrong with this guy? How'd he become CEO? Isn't this how a CEO is... — read more 

Fran and Chuck laugh at layoffs

I'm really blown away at the "Leadership" team laughing at future layoffs, now with the Check-in replay online re watched that again and wow, he sure can laugh with the golden parachute attached "let's see if I buy a yacht or a third country house"... — read more 

ER Exclusions

We were supposed to know more about exclusions per functional group today. I’ve heard nothing (Engineering). Anyone else hear any updates?

What does ER stand for

An Intel employee here / we have a thriving board here as well - cheers Cisco peeps

Cuts at Appdynamics

It looks like there will be significant cuts at AppD. Just came to know that Directors and above will be m—acred.

123

I just missed the 2009 ER but they changed the rules in 2011 and I got it. You had to be over 50 with your combined age and years of experience at 60 or over as I recall. I had four years at Cisco and qualified. The lump sum, prepaid benefits package... — read more 

Voluntary redundancy

Following today’s global meet, anyone know which countries will have a voluntary redundancy program offered?

The Future...

with this leadership team doesn't look bright at all. Their only collective skills seems to be cost management, and even for that they only have a single approach lacking in creativity that's endemic under CR. He's instituted mediocrity as a... — read more 

What am I missing?

Of course we need some layoffs but ELT reaction seems way way overboard.

thousand eye or not? do we need it? is it worth it?

back then, John chambers at one employee all hands told us all that monitoring/network management software does not make money and why are we still making it? now, we just spent one Billion to acquire thousand eye.. why are we doing it? my amigo at... — read more 

After ER, LR will take place.

After ER, LR will take place. Q1 revenues are expected to tank between 9-11% and to mitigate that shortfall, expenses need to be trimmed by a similar amount. The covid19 pandemic is not going away in the next 18 months. Cisco missed the boat to the... — read more 

Reason

How much of this is because of the virus vs what was their plan all along?

Pack Your U-haul & Leave

There is a real world out there. Get out of the Bay Area. Life is short. Say goodbye to the annual hunger games at Cisco and leave skid marks before CSCO leaves skid marks on you.

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| 2410 views | | 3 replies (last August 14, 2020)
Post ID: @OP+16rndSur

Grade 10 and above in US will be targeted

Just heard from senior director that higher grade individual contributors and middle manager in USA will be affected the most. Many dead weight VPs are leaving Cisco to join Amazon and Google cloud and support divisions. Some deadweights are making... — read more 

can past employees get the ER package?

not sure if possible, can past LRed employee go back to Cisco and ask for the same ER package? it seems very unfair.. of course that person has to qualify for the math of the ER (age+ years of service)

1:1 invite

will they be onsite or online? anyone got one so far?

To Everyone Worrying

From someone (old-timer) who has been through the LR cycle... Don't worry. You will emerge from the other side. Most likely happier. Try to turn your brain off and sharpen your skills. Always. If technical, make sure you are up to... — read more 

Good riddance, KK

She won’t be missed. Hope her cronies from GE get sacked next. Watch our sales take off from here.

Costs Associated with Exit or Disposal Activities.

On August 12, 2020, Cisco announced a restructuring plan, which includes a voluntary early retirement program. Cisco will take action under this plan beginning in the first quarter of fiscal 2021. Cisco currently estimates that it will recognize... — read more 

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