Layoffs will continue next week? Which means another weekend with no sleep and constant stressing. After a whole week of the same. Thanks, Cisco, it's not as if I need sleep to function properly or anything...
UK Deadwood
Does anyone else agree there is far to much deadwood in the UK business? Great to see a new leader appointed, but it would have been good to see some fresh blood, even if it was someone from Cisco in the US. There’s such a culture of... — read more
Cisco is #4 on Fortune 100 Best companies to work for
News Summary: Cisco was named No. 4 on the list of 2020 Fortune 100 Best Companies to Work For®, its 23rd year on the list 98% of Cisco employees said Cisco is a great place to work, compared to 92% at other companies 99% said they... — read more
Cisco Rep: "We should cut 15% of our workforce quarterly"
Spoke with a Cisco rep recently about their layoff situation. He claimed "layoffs are a good thing for Cisco, and ideally we should be cutting the 'bottom' 15% of the workforce quarterly". Who the f-ck would work for a company with that mentality?
San Jose some employees getting laid-off today?
I heard that some employees are getting packages in Collab BU today. Not sure if it is limited to only this specific BU.
Future trending - get used to it...
The simple issue is the software subscription model is too complex in Cisco. I don't have time to monitor and manager licensing, subscriptions, and all the administration associated. Too many different requirements to maintain it all. Good old... — read more
Layoffs are sometimes a necessity, but...
Layoffs are sometimes a necessity due to a weak economy or major business inflection even with strong leadership at the helm. Typically this situation at the most happens once in 5 years. This protects the company and considers the long term well... — read more
Wednesday, February 26 2020
Let's start a thread...
Opinion: Cisco’s customers are still on ‘pause’ amid coronavirus scare and layoffs
https://www.msn.com/en-us/money/markets/opinion-ciscos-customers-are-still-on-pause-amid-coronavirus-scare-and-layoffs/ar-BBZWwG6 "hmm. I need to buy a switch and a router. But wait!!!" "Someone is coughing in China!" "I think I will wait... — read more
What do managers find out about an LR
When to people managers find out that their directs are on the block? Day of?
Cisco Reported to the street lay offs in Q3....
At the bottom of the press release: "In the third quarter of fiscal 2020, we initiated a restructuring plan in order to realign the organization and enable further investment in key priority areas with estimated pretax charges of approximately $300... — read more
Always buy a put option before Q3 earnings
Check out the charts, but calls before earnings and puts after ... winning!
Cisco Live Melbourne
Due to ongoing concerns about the current outbreak of Coronavirus, Cisco has made the difficult decision to cancel Cisco Live Melbourne scheduled for March 3-6, 2020 in Australia. Our customers, partners and employees are our top priority and we... — read more
AWS is eating our lunch
True or false? What are your thoughts?
4% LR
Does this imply a 4% cut in headcount? – Q3 Revenue Guidance: -1.5% to -3.5% decline year over year.
Cisco beats on earnings but shares barely budge
Cisco beat expectations on the top and bottom lines for last quarter. Cisco shares are up just 5% in the past year, way below the 22% for the S&P 500. Earnings: 77 cents per share, excluding certain items, vs. 76 cents per share as expected... — read more
Prediction: Chopping will happen sooner
Chuck is not gonna wait till August to stem this financial bleeding. Head chopping will happen here and there till the ship stabilizes.
If you were to run Cisco, what would be the first thing you'd do?
Let's say someone makes you the CEO tomorrow, what do you do first?
Revenue will be down, blame Wuhan Virus
Chuck is going to blame the Wuhan Corona virus for missing Q2's earnings target. Expect an official LR announce of about 8-10%. This time Chuck will have a valid reason to cut heads If you are in Sales, Engineering or support legacy... — read more
I was laid off last year
After a decade of service in engineering and nothing but exceptional ratings until they brought in the People Deal. I’m grateful for the experience, but you know what I’m p-ss-d about? It is simply, every job I’ve applied to, I’ve ended up... — read more
Cisco security today?
I'm glad to be out, watching bug after bug discovered in cisco offer each presenting how layoffs affected the quality of the products make me laugh. I wish all customers would see... — read more
Awfully quiet in here....
Given that there is a lot at work internally.
Have there ever been layoffs at Cisco on a Friday?
I can't remember any and I'm trying to figure out if it's kind of an unwritten rule.
I just started at Cisco Capital
Am I safe? Or at least safer than the rest of the bloated company.
How many people work at Cisco?
Nobody knows when layoffs will happen, but the overall number of employees should be public info. Do you know how many people work at the company? How about the office at San Jose?
Bay Area man sues Palo Alto tech firm claiming he was fired over his age, disability
https://www.mercurynews.com/2020/01/23/out-with-the-old-bay-area-man-sues-palo-alto-tech-firm-claiming-he-was-fired-over-his-age-disability/
Is the coast clear?
All major layoffs and restructuring are behind us? It has been dead quiet.
Cisco going after more ex Leadership from collab
https://shifter.no/nyheter/internasjonal-tech-gigant-saksoker-norske-grnderprofiler/174241 Google translate is your friend
I wish Cisco the best but not sure where all this is going
I wish Cisco the best, and genuinely do miss working there; but the tide has shifted. I hope Cisco can figure out the right balance of revenue from licensing. The technology has finally shifted; migrate to virtual and host it in the cloud. If you... — read more
Why January LR is inevitable
https://www.marketwatch.com/story/ciscos-stock-falls-after-bank-of-america-cuts-rating-price-target-2020-01-08
Where is this talk about the end of January layoffs coming from?
What did I miss?
We need an activist investor
That will whip the management team in shape. Our stock performance is embarrassing!!
How are things at Cisco?
I left a while ago, I was hoping things have improved since then but judging by the posts I quickly skimmed through here, that seems unlikely. Has anything gotten better or are things the same? Or even worse? I have no specific reason for asking... — read more
Bean counters
Is it me or Cisco has become a company full of bean counters? Our CFO has built a finance team that has too much influence on the strategic direction of the company. Simply put, you can’t cut your way to prosperity and growth. Innovation is key!!!!
Mid year bonus
Would there be a Mid year bonus this year in Q2?
Grade 8 salary in Lisbon CX Center for Consulting Engineer
Hi Folks, Can someone please tell Grade 8 salary in Lisbon CX Center for Consulting Engineer.
Move on to better things
if you arent happy at cisco (or any job) you should leave..do not stay, do not pass go. we do our best work when we are at our best emotionally and morally. if you are miserable in your dept then consider transferring elsewhere or leave. lr's are... — read more