Senior Directors make upward of 1M+ at Cisco. Not to mention these holes get deferred executive plans where they keep their RSUs and Cisco pays taxes of vested RSUs. None of these fools driving the company into the mud are laid off. No wonder our... — read more
Global Downturn or just US?
Where do you see this going overall? Seems like many companies are laying off full time workers in favor of doubling part timers, making job numbers look better. Thoughts?
How much passive cash flow do you have to buffer a potential layoff?
I'm just starting out and I have $5K net annual cash flow from a investment property. What about you? Please specify whether if your amount is per year or month.
10k and existing several business areas?
Is that accurate??? which areas???
this should go without saying
if you're an employee now, back up your data before "impact" on Feb 14.
Morale on the Edge
Working in sales at Cisco comes with its unique set of challenges, but perhaps the most daunting of these is the quarterly imposition of LRs (Layoffs). The unsettling reality is that performance often plays second fiddle to where you stand within... — read more
Anyone heard if ER offered this time?
Wondering if anyone has heard if they will be offering early retirement this time? If they want to get rid of some of the 50+ employees good way to do it!
10k employees will be laid off this time
https://twitter.com/MacroEdgeRes/status/1756016887199084642
Reuters got a scoop
https://www.reuters.com/business/cisco-cut-thousands-jobs-it-seeks-focus-high-growth-areas-sources-2024-02-09/
It. is just a job...
if you got laid off, just find a new one.
AI technology was there 40 years ago, AI took off after NANO mature recently
Biggest part of AI is NANO technology. Even NANO technology took last 20 years to mature You want AI too? Cisco should be in antique business opening antique stores selling antiques on the street? Or should I say Cisco needs to be selling in flea... — read more
We are one big happy family
Albeit a very dysfunctional one.
Cisco didn't promise lifetime employment
Cisco is operating a business and not a charity. They have every right to do layoffs and do what they think is right for their business. Likewise employees have freedom to quit and leave. Cisco is not obligated to keep you on payroll for life. Stop... — read more
Lawrenceville Campus is Closing
Remaining people to be laid off or forced to work remote.
When I saw " to focus on high growth market" I almost p-e-e into my own pants
Focus on high growth market? Biggest joke! We should ask what's Cisco capable of? Besides knows how to parroting AI? Cisco is telling the world Cisco itself knows it's a los-er but still wants to have a nice pie everyone else having.
RSU vesting
I'd you are part of the LRs and are given the 60 days or 90 days and you have RSUs that are scheduled for vesting in that period, does one still get them as a Cisco employee or do you stop being on the payroll and being a Cisco employee once... — read more
Severence package!
What is sev package looking like this time?
Some very irresponsible people here
Even after Cisco lay you off still looking to go back. These people need to take some psych pills. Blaming on chambers Chuckie Fran Maria shows you're totally irresponsible. A company has to run it's business, laying off people is part of running a... — read more
Downward spiral since Scott Herron came on board
Poor capital allocation decisions lead to constant layoffs.
I once heard John Chambers say…
I used to be at Cisco back I the day and found myself in the same elevator with John Chambers. He was rehearsing a speech for an all-hands and kept murmuring ‘I want for Cisco to be a company you want to retire at’, only to implement more layoffs... — read more
Welp, Layoffs confirmed - "thousands"
https://finance.yahoo.com/news/cisco-cut-thousands-jobs-seeks-175409508.html
7 colleagues laid off today!
Yet another of mgmt gimmicks just 10 days back our mgmt said that our cloud group is growing and safe and that we should not worry and just today announced layoffs. The worse is they are letting go of seniors / seasoned employees who were actually... — read more
do not be surprised
cisco is living off it's 1990's tech and culture. grasping for relevance ever since. boards and councils bs meant they missed the cloud -- a huge strategic error for JC. his legacy is steering what was a great company into long term decline. it... — read more
Why do you work at Cisco?
I was at Cisco once and drank the Koolaid. Was well-comped to start, but zero raises made me fall behind. Plus, layoffs are incessant. Never going back.
Impacted Groups, Technologies and Segments
Post of what do you hear and the potential impact? Groups: Engineering, Sales, Overlay Sales, CX, Marketing, ... Technologies: Network, Data Center, Security, Collab, IOT Segment: Commercial, SP, Federal... — read more
Thousands?
That can’t be correct https://www.reuters.com/business/cisco-cut-thousands-jobs-it-seeks-focus-high-growth-areas-sources-2024-02-09
It's official. Layoffs
https://www.reuters.com/business/cisco-cut-thousands-jobs-it-seeks-focus-high-growth-areas-sources-2024-02-09/
How is this response
My manager told me Do you think you get a hike? I resigned in 3 weeks. I told him, do you think I work for you? The stupid and arrogant managers at Cisco simply judge you by seeing how much you are useful to them, not to the company. I don't want to... — read more
Is AMER TAC going to close?
TAC has been horrible for a while ,first they outsourced to india, then it got even worse when they added mexico, its not their fault but customers suffer and no one cares often senior leaders and architects have to jump on tac calls to get some... — read more
Cisco ELT all self promoting started with former padmasree warrior was pushed out
padmasree warrior was over promised self promoted ELT under john chambers, she was pushed out the door.
Layoffs
Which areas are getting affected by layoffs in the upcoming weeks?
Just watched CL EMEA Keynote
JP - please take training classes on how to present to audiences. I counted over 200 "um's" which the trainers (that every new CL presenter must take) will teach you to avoid. JD - please try to evoke some energy in what you are saying. It is like... — read more
Maintenance mode
We don’t have any long-term plans, no competitive development ideas. LRs and reorgs have become frequent to the point that they are testament to leadership incompetence. I assume many of us would enjoy working for a winner, or at least a company... — read more
Which businesses is Cisco exiting next week?
Hopefully UCS, collab, FSO and security.
Cisco Live Amsterdam-Layoff
Looks like layoffs is the top topic of Cisco live EMEA in Amsterdam this week! There are even bets on the number whether 10k, 12k or 15k! The bets has reached close to $100k! It's like Vegas in Amsterdam!
Performance Assessments & Layoffs
Did you all go through them sometime in past couple of months or discussed them with your managers? Trying to see if they were put in place to inform layoff decisions.
One Company, Many Careers .... define 'many'
so with the impending mass LR coming shortly after we watch the ELT try and spin some magic fairy tale to explain why are numbers are cr-p and we didn't see it coming 6 months ago, we'll get to see how closely Cisco lives up to the one company many... — read more
Another D-E-I Post Removed
Imagine a framework so fundamentally bankrupt that you delete every critical post. Mao and St-lin would be proud, comrades!
Serious question about Maria
I’m at loss as to why she is still here, what am I missing?