When are those letters supposed to go out? Has anyone received one yet?

I hear all this about blue badges but when are the reds on the chopping block??

Just curious what people think about this start up? Does anyone see another INSBU like spine in? Could they be the knight in shining armor? My understanding was they were going to be the AWS k–ler, but I haven't heard much from them in over a... — read more 

It is time for us to form unions within the hightech sector. I have stated ciscounion mailer inside of cisco. please subscribe to it and support this movement

Kinda funny when I was watching the message board during the conf call how many tried to kiss his a–. Oh, Cisco cares about its people, blah blah blah. Fact is, this guy doesn't care about the employees. At least John Chambers was an old school guy:... — read more 

If someone was excluded from the ER (but meets age, service, etc requirements), what are the chances that this person would then get LR in Oct?

How much longer do you think someone can hang around and slack before everyone has to actually do work? I mean ibm is still around.

How long does one have to wait after ER or LR to do consultancy work as Red Badge?

Cisco Restructuring: Partners Predict $1B In Cost Cuts Mean Layoffs, Product Line Drops ‘If I were [Robbins] or [Kramer], I‘d be looking at what is selling and if Cisco should exit certain markets,’ one Cisco partner tells... — read more 

I bet chuck is kicking himself for not using the 10s of billions of repatriated cash to attract higher quality talent and develop more relevant products instead of stock buybacks.

Not clear what the end of that entails - leaving the company, back to full schedule, etc. - after the 6, 9 or 12 month period.

https://www.cnbc.com/2020/08/19/apple-reaches-2-trillion-market-cap.html meanwhile, back at Cisco....ER+LR

ER is not about cost savings it’s about getting rid of dinosaurs that are holding the company back.

Why to panic?? The market has tons of jobs, why you wanna live in this panic mood. hit the linked in and see how many positions out there available. take the money and find another job.

ER is not worldwide but what about LR and Pay cut is same region of worldwide

the ER PR stunt have gloriously backfired on csco employees are rejecting it en masse , forcing leadership’s hand to do very large and public LR

A real ER package wouldn't be targeting age 50+. It would start at age 55+, maybe even 58+. Call this what it is, enhanced LR. Or hey ... let's call it Secure LRX. Amiright?

Some people are saying that since the ER package, as compared to 2011 has significantly less benefits, it is better to wait for the LR. How sure can you be that LR package won't be scaled down too (by as much as 50%)? LR package is not a right. — read more 

Reading this thread as a former Cisco employee, who accepted an LR package and moved on after almost 2 decades at Cisco. I’m dumbfounded at the negative comments regarding the ER package. You all sound like a bunch of entitled babies. Like Cisco... — read more 

I left Cisco quite a long time ago, but always had a soft spot for it and my former colleagues. Am I reading right that the offer is "Take a 20% pay cut, work the same hours and if enough people do it, we may not have to make anyone... — read more 

Is Cisco Capital. We are a lean organization and probably the best managed. If you want to cut, Chuck, look elsewhere.

Sep 2: Last day to accept ER Sep 8: Cisco Accepts (or declines) your request Sep 21: Early exit date ( upon approval) Oct 5: Sign ER papers and normal exit Oct 12: Last day to Revoke ER acceptance and get reinstated Oct 7: ... — read more 

I remember two San Jose folks who took the 2011 deal selling their homes and taking the ER $ and "R"etiring. Legitimately. Sounds like this ain't that.. My neighbor was offered the ER. I was LR'd three years ago. Essentially the current ER... — read more 

Relax. I have been through this twice before. Once when Nortel went out business, and then again when Lucent went out of business. It’s just the natural course a company takes when it’s been run by id–ts and thieves while shareholders are none... — read more 

When I saw the ER offer Like everyone I was disappointed because it didn’t look anything like an ER package. Market ERs usually include 1 year salary and a 401k match. This has neither, it’s a LR package if you want to opt in. This ER exercise is... — read more 

Working with cisco all these years amidst the fear and stress of constant layoffs makes me think how much we missed out on life events, August layoffs coinciding with my kids new school year not able to enjoy that as fear of layoffs looming , rumor... — read more 

reminds me of universal health that politicians opted themselves out of. imagine a cisco high n mighty dropping their golden chute for this garbage plan

Pay attention to the accelerated vesting schedule for RSUs. You get 4 months, meaning RSUs beyond Q2 are left to expire.

Any guesses on how many reds will be let go? It seems like most of the conversation has centered around blue badge layoffs. But I imagine they have already calculated ref badge cuts into their plan before announcing LRs? Will red badges be minimally... — read more 

just received my offer and immediately clicked accept have four job offers waiting for me 4 bonuses worth of ER money

I'm a recent csap grad in emear and I have no idea how to make heads or tails of this. Seems we did reasonable considering the challenges of covid. Should I start looking for another job? Take the 80% (I could probably do my required work in 3 days)?... — read more 

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