Massive layoffs coming as we are looming at Q2 results. Tough to predict how many people but initial count of 14k which was originally leaked to media will be completed with this round of layoffs. We can easily expect lot of heads to rollon
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Totally agree with @LFp8T0G-9uov post. No matter you spent 20 years in single or multiple R&D centers, its same story everywhere. Anyone denying this reality, either has not clocked in significant years as hands-on person (likely a useless Manager) OR lives in fool's paradise.
Oh boy. Mao Tse Retard is back again: http://www.zombieconnect.com/user_images2/1/13/141a05d423634470c9f09798aa6009f6.jpg
@LFp8T0G-9phx >> If it's only cost arbitrage then please update us.
Ok, here's the update. It's 90% about cost and 10% about execs who want to move their career back to India!!
@LFp8T0G-9bfk Innovation centers should not be confused with robotic sweat shops cranking out run-of-the-mill code - and that's why GE, Mercedes, Boeing, Apple, Google, Cisco, Microsoft, Dell, EMC2, Samsung, Ericsson, Nokia, Siemens, Bosch, BMW, AIrBus, Walmart are all there. Lines per kilo-rupee!
@LFp8T0G-9bfk I can name one product that was "born there". Because an exec claimed they could build the product for 1/2 the cost, a team was hastily assembled in Bangalore, the already completed planning documents were ripped out of EDCS and a "product" was produced. The cost came in at about 3x forecast, and all the development budget was gone and they hadn't even bothered to do safety and regulation compliance testing before trying to sell it (!!!). Well, it was taken back over by PM's in San Jose who had to fix the mess as best they could, but they couldn't undo the dodgy engineering. Thousands of copies of this device have had to be replaced with more expensive boxes for $0 because it's a lemon. Of course, the exec's claimed the amazing success of their "innovation culture".
@bfk come on! Don't tell us you innovate in Bangalore?
What products were born there?
I think you confuse legacy and QC with innovation!
But you do pretty good in maintaining legacy tech, which is still a cash cow for some more years. So keep do a good job, and keep quiet plz. Cuz you said it, you are low cost, that's your main asset
you might be working for some outsourcing companies and since you worked in one company for 20+ yrs so its shows your incompetence. Outsourcing companies shouldnt be confused to captive R&D centers like GE, Mercedes, Boeing, Apple, google, Cisco, Microsoft, Dell, EMC2, Samsung, Ericsson, Nokia, Siemens, robert Bosch, BMW, AIrBus, Walmart, all big global banks etc which have most of their R&D development moved to Bangalore.
Having worked 20+ years in these so called R&D centers in Bangalore, the work is primarily maintenance of products, or developing product which is an upgrade of an existing product. Any real R&D happens outside India, sometimes with a small India team attached to it which hardly handles any significant work.
The companies are in India only because of Cost Arbitrage. Because of India's huge and ever growing population, this advantage may be there for a long time to come. The only other country which can provide such huge and cheap manpower is China. But China is itself a R&D power-house and it does not need the fortune 500 companies R&D centers.
OK folks just keep living in your false worlds of prejudices and stereotypes. I can go a step ahead and say if not for H1B/L1B program, lot of tech companies would have moved jobs enmasse to India. Trump can stop Indians coming to US but he cannot stop outsourcing. Lot of people have limited Interactions with Indians like their teams in cisco bangalore or Indians in US and think this is it.
Just come to bangalore once and see how innovation thrive's and why all fortune 500 companies have R&D centers in Bangalore for next gen products. If it's only cost arbitrage then please update us.
Innovation cultures do not have a caste system
India is a country speaking different languages. We favor a person who speaks our language, competency be damned. In Cisco Bangalore, a manager speaking a particular language, will fill his/her team with people speaking the same language, with a sprinkling of other language speakers, just to show diversity. The communication/meeting are mostly in that dominant language instead of English. The minority members feel unwanted, are discriminated against, and are in continuous threat of layoffs. An American Indian employee in Cisco-US, favors a Cisco-India employee, who speaks his/her own language. With such intense group-ism taking place, how do you expect any innovation to happen.
I am amused by your comment @LFp8T0G-8vsp. It's simple economics and I've heard higher ups in ops, hr and finance indicate the desire is not only to outsource from the US but India as well. Your 400m workforce doesnt matter - it's about total employee cost and the cost per employee in India has risen to the point that other places are more attractive with the company reducing overall employee expenditures and needing less and less people overall.
lol !! heights of Ignorance of American. i believe you have never travelled outside US.
I am scare now " Poland, The Checz Republic, Costa Rica, The Phillipines, Argentina, Ecuador, Vietnam....." -- will replace India.
Seriously you need to brush your general knowledge skills. India has more than 400 million educated graduates and high skill labor. There is no competition with India. India is plagued with corrupt politicians and bureaucrats and still its made a long way fighting against that doesn't work. its already a 3 Trillion USD economy and growing at 7% to 8% year on Year. China is becoming costly and saturated.
World is looking at India to meet their resource crunch for service, manufacturing needs. India is up for the challenge. Trump is delusional and he doesn't understand global economics.
Don't have any insider info, but I'm sure they are
@7xmb - Stop getting your Saree in a wad and listen to what you are arguing.
Nobody here claimed Cisco doesn't make $ outside the USA. We do. Nobody claimed there aren't smart people in countries other than the United States. There are.
What people have been telling you here is that INDIA IS NOT THE CENTER OF THE INTELLECTUAL UNIVERSE.
Yes, some big multi-nationals are shifting their design/manufacturing sure work to Bangalore...for now. But what happens when the next 2nd world country provides a sweetheart deal for these corporations? They'll be gone to that next 'shiny object' (tax haven) with a well educated work force. Today its India tomorrow its Poland, The Checz Republic, Costa Rica, The Phillipines, Argentina, Ecuador, Vietnam.....
I despise the nationalist venom coming out of Trump. I despise it even more from someone here making the most of America while telling us how we s--- and how your mother country is so awesome.
India is this decade's b!tch. There are and will be others.
If cisco is losing revenue means more jobs will be send to bangalore -- Breeding ground for innovation. Just because company was found doesn't mean it's American property. Cisco generates 80% of revenue outside USA so ideally it should employ 80% of staff outside USA. Don't feel you are entitled to hold on to this jobs.
its always tough for immigrants to become founders. India now has third-highest number of tech startups in the world. Lot of Indians have tech startups in Silicon valley. If you let bright minds into US, they will make difference. Trump doesnt understand how Tech business work. US is not center of the world like 70's and 80's . US is largest economy but China, EU, India, Brazil and other emerging economies will dictate further growth areas and US companies cannot stay behind. They need to attract bright talent but if Trump acts too foolish, then companies will move places like Bangalore, Chengdu, Manila etc.
India now has some 4,750 tech startups -- the highest number in the world after the United States and Britain, which it is fast catching up. Success stories include Flipkart, Amazon's rival in India, and online supermarket Big Basket.From robots and mobile apps to smart kitchens and a c---tail-making machine the cavernous Bangalore office, which houses one of India's biggest startup incubators, is a veritable ideas factory. It is a trend that looks set to continue -- according to forecasts, between 200,000 and 250,000 people will be working in tech startups by 2020, nearly double the current number, according to software industry association.Traditionally there has been a well-trodden path from Indian IT institutes to a master's degree in America and then on to a plum job in Silicon Valley.
But US President Donald Trump's crackdown on immigration -- including a proposed restructure of the H-1B working visas often used by tech firms to recruit foreign skilled workers -- may mean even more of India's tech stars opt to carve a new route to success at home.
Padma is a shining example of how not to do it, but she took her golden parachute and slipped silently into the night. That said, we have a few guys from Symantec in the Collaboration business that should get the same treatment. One of those is Canadian! Point being, it doesn't really matter where you come from - when you are out of your depth you should just do the decent thing.
3hle - Parma did incredible damage to both Motorola and Cisco. She is not a shining example of immigrant contribution!
Note that the 60 or 70k a company pays for a H1b worker is not the amount the worker receives. There is a cut by the placement firm in many cases. In addition these workers do not get generous benefits and it is the combination of the both pay differential and benefits that companies save with h1bs. The net effect is reduced pay for all but the hottest skills and the destruction of entry level positions.
Just cause you went to a good college or for that matter college does not mean you are creative most Indian and Chinese workers just do step by step work no innovation. If you want robots then keep the H1B program. Also how many of those Indians in your list are founders?
@3hle - the list is good, let's agree that the US should be happy to grant work visas to the IIT graduate. However, the fact is, 90% of Indian immigration right now is routed through the #H1B channel and onboarded here to replace $100K/yr-good-benefits US workers with $60K/yr-miserable-benefits jr eng folk with, at best, questionable degrees. Again, as a hiring manager, i'd likely (an emphasis on likely) take an IIT graduate in a snap, but I almost never see them in my resume bin.
The fact is, you have top schools in every country - that's the kind of immigration we need - I do understand that Infy needs to make money somehow, however, playing the #H1B system should not be their main revenue driver.
Sorry to post something that is not related to the main topic but could not help...
Steve Jobs in an American alright, but how ironic is it that the biological father of Steve Jobs was a Syrian political refugee and now Syria is on the immigration ban list?
@3hle - You used Padmasree Warrior and "bright minds" in the same posting. I instantly invalidated anything you had to say, at that point.
PS - We can run down the list of nationalities that have done great things and find many other groups that have done more. Your Indians rule argument is weak sh!t. Let's start with Elon Musk, Steve Jobs, Mark Zuckerburg and Sergey Brin. None of them Indian.
Any time table and organizations most likely hit?
Silly Con valley will be become Silly if TRUMP drives out all bright talent from Asia, Middle east, Latin America and Africa. This companies will also move their base to some other countries. Innovation happens when bright minds from all over world meet at one place.
445,000: Shortage of STEM (Science, Technology, Engineering and Mathematics) manpower in US by 2022
India’s Brightest Exports to Silicon Valley
Satya Nadella | CEO, Microsoft
Alma mater: Manipal Institute of Technology
Sundar Pichai | CEO, Google
Alma mater: IIT-Kharagpur
Vinod Khosla | Co-founder of Sun Microsystems
Alma mater: IIT-Delhi
Shantanu Narayen | President and CEO of Adobe
Alma mater: Osmania University
Sabeer Bhatia | Founder, Hotmail
Alma mater: Birla Institute of Technology and Science
Padmasree Warrior | Former CTO of Cisco Systems & Motorola, Inc.
Alma mater: IIT-Delhi
Is the bubble ready to pop? Too many people exiting Silly-Con Valley.
@LFp8T0G-2xgy Yes some groups are hiring. Some will be laying off, and probably after Q2 announce. There are too many tremors pointing to something happening.
If you are an employee and you feel the vibe in your group that a layoff is coming, then either accept your fate (to get out of the company) or get off your bvtt and interview internally and externally. Maybe you'll find something internally in one of the hiring groups.
Look, the way the ELT is redistributing skills is ugly and painful, but frankly it depends a lot on the employee themselves to show the initiative to find the new positions.
And if you find something outside, good for you. Maybe it will be better. Maybe not. Despite what some say here, it isn't all sunshine outside, especially if you are not in the hyper-inflated Valley.
Look like groups are stilll hiring. Go figure.
When is Cisco going to hire Arnold Schwarzenegger to start doing all the lay-offs? He's getting pretty good at saying "You're Fired" on The New Celebrity Apprentice. Now that Season 1 is almost over, he'll need somewhere else to use his new phrase. Instead of saying "Get to the chopper!", he can say "Hit the road!"
Fake news being put on here by the Russians!
I was counting on how elementary your math was. Gold star for you!
Layoffs, 75% off H1Bs, and "special" managers. What a swell place to work for. SMH
Math is actually fine. Read it again, dope.
Nice math GED.
Oh pick me pick meeeee!
Talk is 7000 people will laid off this quarter. AUG 16 -5500 laid off , Nov 16 - 1500 laid off and Feb 17 - 7000 to be laid off and it will finish the 14k target set.
Not sure I would characterize it as "massive" but a 10% haircut in IT has been called for.
Where is the actual proof of this? I suspect this is just wishful speculation on the part of the OP. No doubt the earnings call will be turbulent even when the predictions for the quarter were weak. Cisco will probably meet these lowly expectations they set out last quarter, and might even surpass them by some tiny margin. The will guide low again for the next quarter and be punished by the street with a hit on the share price. Personally, I don't see any huge layoffs until end of FY17, but instead, the usual quiet nibbling away of relatively small numbers of expensive/older blue badges like continues to happen now. Enough to make a difference, but not enough to to make waves in the media. That's my prediction for Feb 15th.
Good for you. Now you can look for a new job, and get the package
b---s--- bla bla bla