Topics regarding layoffs at Cisco Systems Inc.

Topics regarding layoffs at Cisco Systems Inc.

Another news website confirms 9000 reduction

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 

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| 2360 views | | 5 replies (last February 13, 2024)
Post ID: @OP+1r312964

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?

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| 2020 views | | 9 replies (last February 14, 2024)
Post ID: @OP+1r3gpyQD

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 

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| 1031 views | | 1 reply
Post ID: @OP+1r3rVQML

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 

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| 1170 views | | 1 reply (February 13, 2024)
Post ID: @OP+1r3ruEHX

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.

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| 1170 views | | 3 replies (last February 14, 2024)
Post ID: @OP+1r3w7a8N

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 

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| 1200 views | | 1 reply (February 13, 2024)
Post ID: @OP+1r3cVy9s

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!!

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 

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| 1140 views | | 4 replies (last February 13, 2024)
Post ID: @OP+1r3GyCtX

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 

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| 2100 views | | 7 replies (last February 13, 2024)
Post ID: @OP+1r2cZw8o

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 

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| 881 views | | 5 replies (last February 13, 2024)
Post ID: @OP+1r2eYKUL

Layoffs update

Which areas and units will be hit the most? Do we know?

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| 2110 views | | 4 replies (last February 13, 2024)
Post ID: @OP+1r2zRpe3

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 

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| 1160 views | | 8 replies (last February 13, 2024)
Post ID: @OP+1r22nQ7K

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!

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| 1850 views | | 5 replies (last February 13, 2024)
Post ID: @OP+1r2DfcPW

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 

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| 1641 views | | 9 replies (last February 13, 2024)
Post ID: @OP+1r2yI7YH

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?

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 ?

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| 2650 views | | 6 replies (last February 13, 2024)
Post ID: @OP+1r2FhzlJ

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??

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| 1630 views | | 7 replies (last February 12, 2024)
Post ID: @OP+1r1LoO1Z

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 

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| 2020 views | | 6 replies (last February 14, 2024)
Post ID: @OP+1r1Opt8H

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