... part of the workforce will be moved to lower cost locations" Who are they fooling?

From today's Earnings Call, Scott's (Chuck's bïtch): "[layoffs] is not about cost savings; so the answer is yes, it's embedded in the [next fiscal year] Guidance; but it's much more about finding efficiencies across the Company, so that we can pivot... — read more 

I get why the shift to new tech areas might require an LR for engineers with very, very specific skills that don’t align to the new tech area- sort of. But if their claim was true, sales and marketing people should be able to adjust from one tech... — read more 

It seems Cisco likes to report and predict non-GAAP figures rather than GAAP. Could it be because restructuring costs must be included in GAAP, but not in non-GAAP?

How about you cut all the fun travel and free spending in Paris and Colorado white rafting trips. Cisco needs to stop the constant overspending and trying to balance it with people cuts! When will Cisco learn?

Quarter after quarter… folks, this is business 101 how you run a company into the ground. Sell!

When will be notifications be out?

It is official.

1 billion allocated for severance. do the math. no this isn’t an Austin Powers meme

https://www.reuters.com/technology/cisco-announces-new-restructuring-plan-2024-08-14/

_On August 14, 2024, Cisco announced a restructuring plan to allow it to invest in key growth opportunities and drive more efficiencies in its business. In connection with this restructuring plan, Cisco currently estimates that it will recognize... — read more 

Cisco announced a restructuring plan to allow it to invest in key growth opportunities and drive more efficiencies in its business. In connection with this restructuring plan, Cisco currently estimates that it will recognize pre-tax charges of up to... — read more 

Hahah ELT is losing it for sure

Title says it all. I'm sorry for those who will be impacted.

Thanks for making Cisco's networking biz tank 27% before you got shown the door! You will most definitely NOT be missed :D

Wonder if executive assistants will be included?

Too long shielded and not integrated Your culture was amazing We will miss you Godspeed friends

I don't remember the last time I was stressing this much. I'm guessing it'll be a sleepless night tonight for at least some of us.

Chucky boy sold over 20k shares of stock...what does he know???

Have you found your next job yet? It’s been about 6 months now and I couldn’t get any job yet and I am still searching

For those on this round’s LR list, does finding another role outside of Cisco before the 60 days impact severance at all?

You will get your 1:1 email....some (decent) managers will do it in the prescribed timeframe. Those who (su-k) like mine did in Feb. sent it so late I thought I was safe. I'd only talked to the clown 3x in 1.5 yrs, so why should I have been... — read more 

Collaboration should be safe, I hope?

Read this in Fran's tone "Team, we know how this [news] is hard to some of you but as you know at Cisco we're a family... {proceeds to smile}"

Good luck to all, no one is safe.

When you reach G10 does that mean you get stock every focal cycle? I started at a G6 and now a G8 and have gotten stocks a couple times during focal but not every time. Not a lot of course. Didn't know if this is just because manager didn't have a... — read more 

Looking forward to the numbers as they should be ok. Don’t expect it to be below or above analyst projections. Future forecast will be the key indicator to listen for.

Bracing myself for the infamous consultation emails. After the stress of waiting for the LR news, now another wait of 4-6 weeks while those poison penned, often grammatically challenged emails start pouring in. I wish they’d just do what they do in... — read more 

I hope everybody knows this by now. The only smart move - unless you're close to retirement - is to look for a job at a company that does not have a doomed future. I know many might think Cisco is too big to fail, but with this leadership in charge... — read more 

I know it's stupid to ask financial questions on an anonymous forum, but I want to see what people reply with. If you received RSUs last year in Nov, are you selling any, or all, of the 1/3 of the shares that vest in Nov, or are you going to hold... — read more 

Cisco earnings call tomorrow 4:30pm (EST) & 1:30pm (PST) for west coast folks… News is forecasting 4k+ impacted with next LR. Prayers to all impacted…

Is this the standard or expected timeline? All clear by Thursday EOD?

I can’t stop thinking about the potential layoffs and find myself checking this site more often than I’d like. Since Friday, I've struggled to stay focused, but perhaps my mind is subconsciously bracing itself for the challenges ahead . The... — read more 

When will the Health insurance stop ?

Assuming we don't get laid off tomorrow, and do receive our offer letters with down-leveling: can you give us more advice than "run" or start looking for a new job? Which we will. The $2000 sign on bonus is for the benefits they cut form us, part of... — read more 

What the title says!

Does anyone have any overall metrics of how many people have been LR'd, in total, since our fearless leader has been in charge? How about also the number of LR events? Disgusted. How does this "leader" stay in power?

How is the job market right now? Anyone has any clue? Lil worried about the layoffs. Not able to focus on work.