Per Gary on the Splunk Town Hall. Splunk employees not excluded from this round of layoffs. US employees will be told sometime between now and the end of October. Those outside of the US may not be advised until November or later.
15 replies (most recent on top)
It is unusual for a newly acquired company to face layoffs in the first couple of years at Cisco.
Bullsh-t. The first to go are overlapping admin, legal, HR and IT. You can almost bet that the 350 being notified starting next week will be Sp--k admin.
This might be the most poorly managed LR I’ve ever seen in my life. It doesn’t take 6-8 weeks to do an LR. Trash. I hope everyone just stops working until they’re told they’re LR’d or not.
It is unusual for a newly acquired company to face layoffs in the first couple of years at Cisco. I detect some sort of perverse mean streak in Gary Steele.
Unbelievably bad, even for Cisco. Speaks to the unorganized approach this ELT takes to big decisions.
There was a similar sized reduction in 2011. They announced that they were offering an early retirement in Feb of '11 and people had to submit their intent to take the ER by Mar '11 so that they could prepare the paperwork and allow those retiring to hand off their work before their last day in Apr '11. They also announced that the total workforce reduction (WFR) would be something like 5,500 or 6,500 (the LR of 2016 was the other number, I always get them confused) and they'd notify the impacted employees the middle of the first week of Aug.
That was under Chambers. I am surprised about this lack of immediate notification based on how they've been doing this since 2016, but it's hardly new. They also had that whole "at risk" thing back in '20, '21, or '22 where they said they'd notify people if they were "at risk" and they could "voluntarily separate" or try to find alternate jobs within Cisco or they'd be laid off in 4-6 months. Again, it's hardly new.
Get more people to resign on their own and Cisco doesn't have to pay severance!
@1yic+1u1V1UqF If supply chain says two weeks they mean two years.
John Kern (Supply Chain SVP) said within the next two weeks.
I heard Aug and Sept…later ones outside the US dependent on country specific laws.
Terribly executed if it takes Cisco this long to let folks go. I’m sure it’s always a rush job so they pump the stock during earnings. I’m not looking forward to working with an axe over my head.
He said August and September. I was in the call.
Unbelievably bad, even for Cisco. Speaks to the unorganized approach this ELT takes to big decisions.
“We’re going to lay off 7% of the workforce. But we don’t know who (and why) until Oct 31st”
All employees
Wow. This really su-ks.
Twisting in the wind. Unbelievable.
is this specific to splunk employees or all Cisco employees?