Topics regarding layoffs at Cisco Systems Inc.

Topics regarding layoffs at Cisco Systems Inc.

Limited Commissions with ER package

Just officially found out for those on commissions that you have only 30 days after your last day (Oct 5.) to have your FY 20 and 21 bookings to ship in order To receive commissions on those earned booking dollars. With the Covid-19 supply chain... — read more 

by
| 2110 views | | 5 replies (last September 6, 2020)
Post ID: @OP+16Ek2Zej

Cisco as a cult?

I’ve seen a couple of comments on this lately and didn’t really get it until this week. Everything around and in Impact is pointing directly to that. And now I feel more miserable in my job than I did before, and I wasn’t sure that was possible! Oh... — read more 

BabbleLabs

Cisco has to cut 1 billion in budget then today it's announced we're acquiring BabbleLabs. Coincidence? I think not.

Don’t back up personal files

I removed personal files from Cisco laptop before I recently left the company. Was contacted by lawyer that Infosec Alerted counsel of this activity - lawyer needs to see if I took any proprietary files via WEBEX. Big brother.

9 months of COBRA coverage

From what I can determine so far, Cisco is giving people taking the ER a lump sum large enough to cover 9 months of the current insurance benefits. The problem is, apparently, that after those 9 months, which would be around the end of July 2021... — read more 

GTAM model to be sc-apped

I heard today from a reliable source that Cisco intends to sc-ap the GTAM model because Inside Sales are cheaper and GTAM are not individual contributors but overlays.

by
| 2640 views | | 5 replies (last August 27, 2020)
Post ID: @OP+16CAUs3x

Why you should accept the ER package

A coworker asked my advice on the ER package. He said that if he keeps his job for ten months it is the the same as the ER package. Its not. Here is the difference. With the ER package, you are paying yourself to work on yourself. If you stay... — read more 

LR list

Heard a rumor that the layoff list is already done.

Is the sellof justified?

https://www.forbes.com/sites/greatspeculations/2020/08/18/was-the-selloff-in-cisco-stock-justified/#7974930d2b76

Take the package

3 yrs ago I had no choice and was given a package - I was just shy of 50 and over 200% of my #. Only out of work for a very short period and banked most of the $$$. I honestly felt worse for the 20% of my group that weren't offered the package, as... — read more 

One Week Death-March

everyone manager i talk to is in this mode. they know that ER acceptance will be very low , leaving them with the painful task of layoffs. they are just waiting for the post-Labor Day official number. most people out on pto this week anyway.

Cisco paid me 5 months NOT to work!

I was impacted by an LR at the end of February, pre-covid. I heard there were 3,000 impacted at that time. My original end date of pay and benefits was originally end of March. Then covid hit. Mid March, I was advised my end date of pay and... — read more 

The best part of post LR work

Best part of working because you want to, not because you have to, post LR; is how your attitude can change towards employment. I enjoy working, and make sure I earn my pay and take pride in that. Have had a few conflicts (it is just the way... — read more 

Are you tossing and turning this weekend--ELT isn't

Examining you future options? Stress weighing on you? Relax. Your ELT is sleeping well, and couldn't care less about your angst. Take solace in the People Deal and the Conscious Culture. And ask yourself...if you didn't work at Cisco today... — read more 

Plummeting Morale: Well Done ELT

I got told I was a sales achiever this week, woohoo! The same day I got told that, because of the type of sales comp plan I’m on, I will be affected by the reduced Company Performance Factor. That means I go into FY21 already in negative figures... — read more 

by
| 3950 views | | 8 replies (last August 24, 2020)
Post ID: @OP+16zXMYlM

Which groups take the biggest hit?

I’m hearing that the OPEX reductions are not uniform across the groups and the headcount reductions will also be “focused.” Which groups do you think will get targeted most heavily?

Management replaced Leadership?

Is this the issue? There are pockets of brilliance in Cisco but layers of management are making it harder to join the dots and innovate for customers. Leadership (G13+) offsites use to happen at a vineyard, then a Monterey hotel and by 2010 it was... — read more 

COBRA

So, the Cisco ER pkg says it gives you enough money for 9 months of your current coverage via COBRA. I spoke with BlueCrossBlueShield about coming off of COBRA and starting a new family policy OUTSIDE of the enrollment period. They said for that to... — read more 

Security Business - Ticking timebomb?

Those finding comfort in "Security grew 10%" are mistaken. We somehow survived so far, it won't last too long. Too many half baked products and way too many leaders leading those half baked products, more managers and "leaders" than the engineers... — read more 

LR Payout Terms. Credible Insight?

Does anyone have credible insight into what the LR payout calculation will be? Could be important factor for determing to take ER or wait. As Tom Petty said... The Waiting is the Hardest Part

You are pre-approved for the 2020 ER!

For those qualified like myself, any thoughts to the downside of clicking that “accept” button? You don’t have to sign the separation document on Oct 5 and resume your duties. You can sign it on Oct 5, leave Cisco and change your mind within 7... — read more 

Interim reduced workweek

Offered the Interim reduced workweek with a 20% pay cut. Are managers and above, including the CEO and his team also taking the 20% cut? Lead by example.

Negotiate

Anyone know if you can negotiate at all the let-go date? Taking a lump sum near the end of the year after you already have income will not bode well for taxes... (Canada)

IOT Overlay Sales: Chuck/Gerri Clueless to Reality

IOT reps told by relocated Aussie Dir to simply add their names to deals to get commission IOT reps not involved in the deals nor speak to customers Ship Expensive Napa wines to Cisco AM’s homes Rinse, Repeat, and then Aussie Dir sends bragging... — read more 

Red Badge Layoff

Has anyone heard how(when) this will hit red badges. No one seems to be interested in sharing that info internally.. Just trying to make sense of all of this, this is my first experience with Cisco layoffs.

Does ER package include PTO?

I don’t see it in the letters or FAQ. Freaking out because I already accepted assuming PTO was part of it.

Start a new thread - post a news comment, question or message:

: