Can someone with real info explain how layoffs work and what the likelihood of a November layoff is? I understand the stock price is dropping, but in the context of other tech stocks, it’s really not dropping that much. Also, aren’t these things planned ahead of time? They can’t just causally plan an LR right when the stock drops
15 replies (most recent on top)
Cisco can easily budget another 1 billion for this fiscal year restructuring costs.
No it can't
It would be nice if the world would work as per your naivety -Trump like, I do everything I want because I can.
In fact Cisco provides forward guidance and tight reporting -such a precedent would undermine the credibility of the company's fiscal reporting.
Also, aren’t these things planned ahead of time?
Sounds like someone isn't very Agile! It might be time to improve one's "adaptability" and "versatility" ratings! /s
@OP It works like this, your manager will claim they have no control who gets laid off (probably a lie), the layoffs at times will feel like whomever made the choice of whom to layoff is completely disconnected from reality while other times it will make sense, however most situations you will wonder why 1 person got laid off vs the other when you know that other guy that didn't is a fake or just a lazy brown nose.
Leanest = coolest.
Check Arista. All technical. Lean af.
Cisco can easily budget another 1 billion for this fiscal year restructuring costs.
In Cisco LRs is an IN thing. It’s in fashion these days. Everyone is doing cost-cutting to please wall street, and Cisco doesn’t want to be an exception.
Gather your crumbs and move on. Greener ground outside.
The stock hasn't dropped that much you say? It has dropped over 29% since the ATH back in June.
Ask your new co-worker Claude. It might have indexed some confidential information on the intranet.
@b6 you dream too big
the typical layoff order as: underperforming quota roles > marketing > sales enablement > support functions. > middle mgmt > product > engineering
But, if your role doesn't carry a quota, is a non-core function, at a non-hub site - high chance of LR now and within the next several months or 2-3 yrs
It's absolutely happening, on 11/17, and will impact lots of middle management (sr. managers, directors) in at least parts of Cisco.
Ask AI as I did
Here is what it told me
- cisco budgeted 1 bil for restructuringcosts
- it used around 50% of that in the previous fiscal year
- half of it is for this year BUT -in EU the layoffs are just becoming effective and the remaining of the money should be for that
- besides that the EOY freeze is coming, that will force the people to take days off and decrease the liabilities on the balance sheet (hope I am quoting AI right here)
So all in all this indicates that the next LR will be in the next fiscal year if nothing is forcing them to more drastic measures
For now there is enough orders AI related in the pipe to keep the things afloat for a while
Let's see what comes out of this panic that is ruling the markets right now
@a7 the size of it may increase due to market conditons/reactions tho. Employee serial IDs are def pre-selected months in advance
As I understand 90% of my team is getting wiped out next week. SHTF
earnings call is next week. anyone who thinks an LR is organized in one week's time in reaction to the stock market is.... if there is an LR, rest assured it's been planned since the last earnings call at least
NOBODY on this board really knows.