Anybody in GC ?

How much is a package for layoff this time? How many months equivalent? Which country? Exit Date that was announced?

You should start looking for a new job ASAP, if you have any skills. There are many useless engineers and managers at Cisco and I never figured out how they kept their jobs during my years at Cisco. I worked at Cisco for 16 years and finally was... — read more 

Do you think folks at app d need to be worried? The numbers look great for observability. Is that Cisco’s high growth area focus?

No one cares about Cisco business models. It's same cr@p everywhere, same products everyone else have except 3 times more expensive. Cisco not able to innovate anything, no one would be interested in buying into Cisco except probably broadcom.

Was laid off from one Triangle tech company. Went through 4 interviews with Cisco. All extremely positive. Did not hear back for 4 weeks. When finally offered, they said the position had to be move to a contractor position because they just did... — read more 

Half them are managers May god help them Never ever become manager in Cisco

LR count: 4000 Restructuring costs: $800M It shows, $200K per persona laid off. Why son high? JNPR laid off 440 people and restructuring costs show is $58M. This is $125k person. Can anyone explain whether each person LR'ed will get $200k... — read more 

https://youtu.be/GtK98mAVTfo

No one on Wall Street believes what Chucky is saying. Real show goes on after earning on both sides.

Focus on innovation Getting into cloud business I sent mail to all ELT members including CEO Cisco should stop giving mid term RSUs and hikes until market recovers. This what NVIDIA , apple and many other companies are doing and remaining all... — read more 

I was pleased with the 5% vs what folks were saying on this site around 10%-20% or higher.

Sounds like it won’t be until after the all hands next week.

Unfortunately, Cisco is focusing more and more on useless topics such as "diversity & inclusion" instead of shaping the organization efficiently for the future. There are too many useless manager positions, which a lot seem to be created only to... — read more 

With sales in a free fall, get used to 5K+ layoffs every quarter because Chuck and his side kick Scott said they will manage expenses down as revenues continue to decline

We have become a joke in Silicon Valley. The executives get fatter (both financially and in their waist lines) driving the company into the ground. There does not seem to be any accountability for this kind of performance. Why is Chuck Robbins... — read more 

Cisco is a software company now. Hardware is just not profitable anymore

Simple math, $800m / ~4000 = Approx $200K per LRed employee. You can easily break it down further with numbers of months in pay, and benefits etc. $800m allocation this time is larger than previous LR allocate of $600m. That means larger LR... — read more 

I just hope it will all be over soon. Good luck to all affected.

Chuck rambles on and on about what his team provided in forecasts and how those did not play out. Like he has no idea other than what he reads in my reports.

Cisco sits at 3% growth while the real security players are CRUSHING it...

Thoughts?

They do not need to report silent layoffs happening every week. What about forcing people out on a PIP, also not counted as LR.

subscriptions up 5% y/y, ARR up 6%, RPO up 12% after-hours down ~5%, despite increased dividend of 3% why? because total revenue is down. investors only care about growth...

https://www.cnbc.com/2024/02/14/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html

https://investor.cisco.com/news/news-details/2024/CISCO-REPORTS-SECOND-QUARTER-EARNINGS/default.aspx

Employees were told by accepting the shutdown the week of July 4th would significantly help lower the number of those impacted. ELT never attached a number when feeding us that garbage. July 4th shutdown never was going to save any jobs. Shutdown... — read more 

Bumping this up as this is a useful post, originally posted by @OP+1r11RYu1 My second visit to this site in last two days, probably after over a year as I left Cisco in 2022. Really sad at the state of things as several of my esteemed ex-colleagues... — read more 

A few hours from the earning announcement. How much set aside for restructuring? What groups will be hit? When will the restructuring starts? Stock price after hours

Here's how you can get out of being an LR candidate. Put on some weight. Go on blood pressure medicine. Get your blood pressure under control. When you get PIP'd go off the blood pressure medicine. Go to the doctor and show them... — read more 

Despite receiving the largest performance bonus on my team, my manager advocating for me to get a promotion and getting a “meeting expectations” TA two weeks prior, this Monday, my manager has done a complete 180 and “changed her mind”, giving me a... — read more 

Going to be announced on the earnings call. RIP SJC

I hope everyone that has sacrificed for this company comes thru this latest round OK, whether they survive the cut, are able to leverage the severance to find a new job, and/or most importantly improve their mental health and quality of life. I also... — read more 

I know today's going to be a rough day for many people. I remember how it felt when I was shown the door. I felt physically sick throughout the entire day. It took me a while to stop feeling like a failure even though I knew it wasn't through my own... — read more 

https://www.sfchronicle.com/tech/article/cisco-layoffs-reorganization-18661881.php