Did I lose my years of service when I took the last ER package?
Who needs Cisco with WFH?
Even in the remaining tiny offices you just need WiFi and internet.
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?
WHY CISCO IS IN EXISTENTIAL CRISIS
Great article! This reporter gets it... https://www.futuriom.com/articles/news/why-cisco-is-in-existential-crisis/2020/08
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
Missed the check-in, quick run-down?
Anyone have the tldr for the check-in? Missed it today.
What am I missing?
Of course we need some layoffs but ELT reaction seems way way overboard.
Canadian President just got Fired
Off to teach kindergarten i her!
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
Is Cisco Planning A Selloff / Breakup?
ER / LR / Reorg foretells a bigger plan is afoot. stick around and see
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.
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)
EXCLUSIVE ¥ Cisco to Spin Out 3 Software BUs
Can’t share details at the moment as planning is still very early. Target timeframe is calyr2q
Who Is Hiring in the Bay Area?
It's wishful thinking in this economy, but I'll ask anyways. Are there any tech companies hiring?
How do they do it? Call? Conference with HR?
Do you know how does the actual act of communicating that you've been laid off happen? What do they tell you? How long does it take?
1:1 invite
will they be onsite or online? anyone got one so far?
Truth Poster @OP+15VXSqI7 Was Right
The kept deleting her posts and she was right all along. Makes you wonder who gave the directive to delete her posts?
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
Cisco best place to work 2020 !!!
https://news-blogs.cisco.com/apjc/2020/07/21/cisco1bestplacetoworkaustralia/
What is a reasonable estimate for the health insurance replacement cost if one is affected by the LR/ER (in the US)?
Not having continued health insurance is the most worrisome part about losing my job.
Why are legit posts being removed from layoffs.com?
Cisco PR police now calls the shots here? Corporate comms and HR... Wow
AUGUST 2020 Thread
Here is our initial August 2020 thread https://www.thelayoff.com/t/15KLQA7J or @OP+15KLQA7J
Leadership Managers Meeting on Thursday
I’m sure more details will leak after that meeting
Good riddance, KK
She won’t be missed. Hope her cronies from GE get sacked next. Watch our sales take off from here.
Red Stapler and Basement Office Available
If u are too young to get it, you won’t get the ER pkg. either. 😂
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
What are the real details of this Early Retirement offer?
Is the early retirement for those who meet age plus years for 60 or 70? What do you get? When will it be announced?
Earnings fine print 900 million in severance •boom•
Investors.cisco.com