https://dataconomy.com/2024/02/13/cisco-layoffs-2024/ Cisco to layoff 9000 employees in 2024 The specific impact of these layoffs on Cisco's role within the telecom sector remains to be seen, as company executives are reportedly still in the... — read more
cut the deadwood, cut deep, cut hard, cut cut cut cut
Stock has been dead weight for years! I have lots of shares! Let's goose this su---r and make some money!
it has started
Just had the 1:1. Severance is such an insult. two weeks pay, RSU's all expire, locked out of email etc in 3 hours. health ins through to end of Feb. get ready
AppD out
anyone confirming this?
Layoffs
Cisco to make big layoffs Silicon Valley tech giant Cisco is getting ready to lay off thousands of employees in its latest reorganization effort to focus on high-growth areas, Reuters reports. While the exact head count is pending confirmation... — read more
Meetings with Cisco rep got cancelled
Something is cooking
Areas Of Impact
FSO Outshift WebEx UCS CX Others?
Grass actually is greener
As ex-cisco who made it through about 15 of these only to get clipped in the 16th, I will say in hindsight (about 5 years) it was one of the best things for my career and my life. Got me out of the Cisco rut, free from chasing RSUs and taught me that... — read more
So this Thu or Fri? layoff worldwide or US only? True?
So this Thu or Fri? layoff worldwide or US only? True? Or False?
Will G4 emp get laid off as well?
just the title
Dataconomy.com/2024/02/13/cisco-layoffs-2024
Number is out
How come no matter what happens, we end up getting laid off?
Bad results equal layoffs, which is one I can understand. But good results also mean layoffs, because the leadership wants to sustain growth. The leadership sc--ws up and instead of resigning, we get laid off to fix their mistakes. But when they do... — read more
What to expect going forward:
LR packages will continue to shrink, that's is now given. They will manage payroll in the same fashion (one to two cut rounds per year) - the patters are repetitious. And yet, they always manage to throw in a curve ball or two.
Missing WARN Notices
Do you know if layoffs have to be reported with the state? I am looking at https://edd.ca.gov/en/jobs_and_training/layoff_services_warn and there is nothing for 2024 there? If I filter on Cisco, I get only 2 records in last 12 months (below). I know... — read more
Cut the Distinguished and Principal Solutions Engineers to Reduce Cost
Beside the layers of Directors and Managers, the Distinguished and Principal Solutions Engineers should be heavily trimmed. They are just high-cost project managers or coordinators. Lots of fat that provides no values with a lot of lip service like... — read more
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 (unwind, learning, networking... — read more
New CEO
Keep hearing Chuck is out, but no one knows who is replacing him!!
Report card is out, it is ABC
Current marketplace is ABC, Buy into Anything But Cisco.
Lets see how many got the 1:1 invite yet for this week.
Please upvote if you got. Dont do anything if you havent.
i hope directors and above all get canned---useless
trim senior management by 50%. company will grow like 10x in next 2 years. the d-mbest people are ones who dont do any work but act like they know everything in world. talking to half these senior management ppl..they will tell you they are the... — read more
Heard the number is closer to 12K
in 2020 at Oracle, they called it Oracle Lights out and let go most of the support personnel across the US, keeping only some east coast and west coast, they let go close to 10k. Office spaces were shut down, etc. Everything else was outsourced to... — read more
Money extraction mode
Whatever they do in this round, nothing will change in the future. They may increase profit for the top, but this company will never be what it used to be a long time ago. Cisco has missed all the trains, and there is no way to catch up. Unless they... — read more
Layoffs update
Which areas and units will be hit the most? Do we know?
Any news about in the ANZ region?
I am wondering if the cuts are going to happen in the ANZ region. Any clue?
Bad time to have accepted an offer?
If one accepted a job offer several days ago before this all came about and have not started yet, as a US-based, SWE, Should we assume there is going to be a hiring freeze now? Sounds like Cisco has a history of continuing to bring people on despite... — read more
americas sales getting slashed
service provider sales is a gonner, to be rolled into a larger pool of enterprise+sp. this trend has been happening for a while now but it'll be over soon. goodbye sp!
What Chambers has to say about HPE
Thrilled to congratulate my good friend Antonio Neri, CEO of Hewlett Packard Enterprise on the news that his company will acquire Juniper Networks. Now positioned to capture a larger portion of the cloud, AI, and networking markets, this bold move is... — read more
Cisco is no longer the leader they once were
True that once upon a time Cisco was an indicator of global markets because they were tech leaders. 2008 recession was 15+ years ago. Cisco is no longer the leader they once were, they are now lagging their competitors in growth in several areas... — read more
Who is safe?
Do we know if any group/area can be considered safe?
Does the upcoming LR count include Splunk too ?
Will it be spread across 2 quarters, and also include Splunk headcount ? Splunk has 8k headcount.
Mid year bonus
If at all they are given out, would LR'd folks receive mid year bonus since they would have completed the first half of fiscal year ?
Finance layoffs
What groups will be effected?!
Celebrity Wanna-Be Chuck Partying Hard At Super Bowl
Chuck flew on private jet to Super Bowl with his family on Cisco’s dime while thousands of Cisco families are stressed this weekend about layoffs this week
Which functions are affected the most?
Are G&A functions like sales, finance, etc. getting the boot? What about acquisition BEs? Is Meraki safe????
Global Downturn on Horizon
Cisco is a good barometer of the global markets. In 2009, Cisco did layoffs followed by a significant downturn among tech stocks. Is this happening again??
US Commercial Consolidation & LRs
As part of the high growth focus and restructuring announcement this coming week, in FY25 US Commercial will be consolidating regions. It simply does not make business sense to have regions that only do half of the business of other regions. This... — read more
Alpharetta Closing?
What y’all hearing?