Do we know which day we’ll know about our promos? November 1st? Or is that when it goes into effect? This is all dependent on whether I’m not LR’d lol
Stock went up, Chucky selling while we hold mortages & get LR
#1 Common 27,143 $1,317,249.79 4,028,814,776 08/16/2024 NASDAQ
New Hires Risk
Will new hires still in their 90 days be at risk in the first cut next week?
Well that extra week off in July
sure seems a lot more devious now.
has unlimited PTO and notice dates been ANNOUNCED?
I'm internal and haven't seen or heard of either officially - yet some here apparently have?
Cost for paying accured leave balance ? Over $100M ?
For all US employees it could cost $100M easily. So maybe the restructing cost of $700M to $800M for Q1 includes this as well and less headcounts for LR ?
Cisco's FY26 and FY27 forecast is same as FY24
Mgmt guided mid single digits growth 4% to 6%. It kind of shows that Mgmt will do anything to meet this number.
Quick recap of whats happening
Most notifications to go out on Sept 16 After that, US to move to “unlimited” PTO policy (I posted this last week and got downwoted) Rewards decisions moving to two cycles. First bonus, later merit / promo / stock. Payout, vesting and merit... — read more
Time2Give and "Unlimited" PTO
Curious if anyone has heard about if T2G will be changed with the scam that is "unlimited" PTO coming to Cisco. Might be time to burn those days up while they're a separate category?
Checkpoint?
Better for work than Cisco? Any insights? Salaries/Perks/Benefits? In sales org.
Is the candidate list already out?
Will the candidate be decided based on performance till 16 sep or list is already made?
What to do till 16 sep?
What should we do till 16 sep?
It might be it for me
Been with Cisco for 16 years, age 50... In the last 2-3 days 2 people from Cisco checked my Linkedin profile in private mode. I survived a lot of LRs, might not survive this one.
Next week LR for VP, Directors and Sr Managers - confirmed
Reason for delay is first management need to go, teams consolidated, and then axe falls on ICs to sort this out. Very indigenous and stressful times ahead figuring this out on the fly which team stays or go, with poor planning. The list may already... — read more
RIP RCDN
Flush this place down the drain! It’s over!
Cisco is predicting a rosy future
What on earth are they basing the 2025 predictions on? What are they “upbeat” about? Something only they can see? It’s called delusions.
Is Sept 16th the day notices will start going out?
Anyone can confirm this? If that’s the case, then these layoffs are truly badly managed.
New PTO model just to save money!!!
Say good buy to 4 weeks paid PTO now... Companies move to unlimited time off to save money as most people will take less time off moving forward now...
September 16th notification confirmed
During all hands call our VP mentioned that notifications will go out on Sept 16th. One full month of motivation and productivity lost...
AppD - Manager confirmed that LR notifications are in 2-4 weeks
Title, info from director
Need to Pivot to New Areas
When CR justified the layoffs this week he used the same words he used 6 years ago when he said we had to pivot to become a SW company. Will we adopt any lessons learned from that effort? The way I see it, there was no real plan how to get there... — read more
Slow Down
Anyone looking for work or hoping they dont get LR’d during this absolute dumspter fire of a situation should just initiate a slow down. Not a strike, don’t unionize, just do the absolute bare minimum at the slowest pace possible. Don’t go out of... — read more
RCDN shutdown
The campus will be closed and sold in November 2024.
Anyone LR'd in Japan? TAC Japan?
Anyone LR'd in Japan? TAC Japan? If so how many?
The Real Reason
Why the layoff? well, it's complicated. The Innovator's Dilemma, popularized by Clayton Christensen, describes the challenge faced by companies like Cisco when they have to decide whether to invest in disruptive technologies that could cannibalize... — read more
@ Cisco People & Communities + ELT
Since this Riff was not well thought out, let me help out ... Offer a GENEROUS Early Retirement package (yes, we gave you our best, sacrificed a lot) and you'll easily fill up half of the necessary head count to reach the required 7%. Really and... — read more
LOA and LR
I have an upcoming medical LOA. What happens if I’m LRd during that time?
Why is Cisco laying off 7% but analysts are reporting good news?
Is this financial engineering at a high level to please the market, or is there something underlying here? Analysts are posting positive news. Somewhat confusing...
If you read one article, read this one
https://www.aol.com/news/cisco-says-third-recent-round-214347364.html On Wednesday, Cisco announced it will lay off around 7% of its global workforce in a move that will impact several thousand employees. The number of affected workers in the... — read more
I’ll just say it- I hope this round takes out exec levels
I’m really hoping what seems like crazy delays and unorganized planning is because much more time is needed to map people once VP levels are gone. I’m specifically talking about collab sales, PM and sales engineering (I would have included G2 in that... — read more
Where to go??
Anyone found work somewhere else?
Notifications??
Please pist if you are aware of the notification s? Post only if you have some source, not just stories
What to Expect...
I have been LR‘ed within the last 12 month. You will lose access to most of the tools within 24 hours (and as well building) - except Webex, E-Mail, Workday and Stock-Account. Manager asks you to put an OoO mailer. After that call/meeting with your... — read more
Useful Info if you get LR'ed (bookmark it or follow it here on TLO as you may need it in the future)
Some useful info if you get LR-ed I was affected July last year, some info which I think is useful: It’s not end of the world. They give you 3 months of having to do nothing while still covered by benefits and payroll. You can do a lot in 3 months... — read more
On Timing
In February, most U.S. employees were notified Thursday (day after earnings). There was a leader check-in that same week (I think Friday), and there was a Cisco Beat scheduled the following week (sometime between Monday-Wednesday). I reposted this as... — read more
Stock 7% Up Today
OK, that's appreciated