Thread regarding Cisco Systems Inc. layoffs

...but it is now even more painful to think back how horribly we were treated in the LR by Cisco. We helped make that CPF and we get NOTHING, ...

@2gbh+1ohcnvtl, when were you LR'd? If you were part of the Nov '22 LR, then, no, you didn't help make that CPF because you were gone in Q1. If you were part of the tail end of the Nov '22 LR that was released in July (last month), then you were still an employee at the end of the fiscal year and you are/were eligible for receiving the bonus, so you weren't betrayed or screwed over by Cisco.

Cisco is doing great.

I think Cisco just had the highest CPF ever making it the best individual bonus payout ever.

To quote an old timer from the 1990s, "I remember when the salary was the bonus."

I was just thinking about the bonuses. I think Cisco just had the highest CPF ever making it the best individual bonus payout ever. I'm happy for friends that are still there, but it is now even more painful to think back how horribly we were treated in the LR by Cisco. We helped make that CPF and we get NOTHING, and we all know we aren't getting a check in the mail with a note of appreciation. If I was offered a job to come back, I don't think I would. I feel so betrayed by Cisco!!!!

Meraki is a white box with open source software/routing, with a very slick cloud GUI on top of it. But what customers want nowadays is an easy UI that doesn't need a CCIE. Cisco Catalyst is feature rich from 30+ year IOS heritage, but the GUIs that are built internally try to do too much and create customer confusion (Prime, DNAC, WLC). Most customers will take 80% of the features, and sacrifice the other 20% to have an easy and intuitive GUI.

Agree, Meraki is doing great. But mostly as they are allowed to run almost like their own business. They are doing better all around than the rest of Cisco. Meraki is a good place to be in Cisco.

Two decades ago on board just about like this, disgruntled IBM employees said all this same stuff. They were wrong then and you are wrong now. You're just rooting for failure.

Most of this isn't stainable[sic] more than one or two more quarters unless there are more layoffs. So get ready folks. This is the way Cisco operates.

Get ready for what? You're more than two decades late figuring out that Cisco has been doing these and more for more than two decades. You forgot many other cutbacks from no more free soda to wage freezes.

2022 revenue was less than 0.6% below the record in 2019 and 2023 revenue was more than 10% greater than 2022. The profits increased by a smaller percentage which means Cisco recognized greater costs, not less.

Agreed. That’s why they are making a huge push to get customers on a platform Meraki has a 97% renewal rate so it’s seen as the savior of Cisco if they can get more enterprise customers on it with common hardware and more features

Living on backlog and software subscriptions. A lot of customers don't plan on renewing the subscriptions due to poor value (DNA, etc). The wheels may come off in 12-24 months. There will be a shift will be towards mandatory subscriptions like Meraki, but many customers will revolt as they see Cisco as a hardware company.