Microsoft sent its offer to company employees, offering a chance to 'leave Microsoft with financial support.' Employees must decide in early Dec and must leave on December 31.
20 replies (most recent on top)
@qj won't be any different here. Go over to mcrsft threads, all non-technical, managerial, admin.
25k is voluntary.
that means these 25k will end up either voluntary or involuntary, otherwise they won't be able to reach 60k number right..
It's 60k
25k is voluntary.
The rest is not
...automate the (bullsh-t nontechnical) ...
What about the bullsh-t technical jobs of creating and not actually fixing bugs which makes up so much of Cisco's software budget?
@ep They did 27% (48,000 to 35,000) in 2001.
The company will be fine. In 2001 the ability to automate the (bullsh-t nontechnical) jobs didn't exist.
that was bubble burst special. currently no bubble has burst yet ..
@ep yeah but that was an entirely differnt ELT and board.
I do not think Cisco has ⚽️ s to ER/LR 25% ..
They did 27% (48,000 to 35,000) in 2001.
The bigger question is "how does Cisco both do the maintenance on their legacy code bases while still developing enough new product to remain competitive with that big a layoff?" Successful acquisitions were still a thing in 2001 but not so much today.
Microsoft is a huge company with SW-only products that are about to be decompiled and open sourced - unless AI regulation happens rapidly, and decompiling followed by open sourcing is deemed illegal/copyright violation.
I'm sure some Cisco SW has the same risk but probably not to the same degree as Microsoft.
You can bet all SW companies are going to form a strong lobby, and Congress is going to make tons of money from it.
Regardless, most SW Eng jobs will be given to AI, which hits Microsoft more than Cisco.
CSCO is a monkey see, monkey do company. If this causes an increase in Microsoft stock CSCO will follow.
@d7 that's true
@d6 ya but not voluntary
well, down low is 20k here. Not sure when
Hahahahahhahahaaaaaahahahaha!!!!
@ac They don't dare offer up anything cuz 3/4 of the company would exit! hahaha
I do not think Cisco has ⚽️ s to ER/LR 25% ..
Cisco's ELT would never be this kind to their employees. They would rather fu-k them all over.
MSFT revenues not going up a lot after blowing up $200-300 Billions on AI infrastructure.
They are doing financial engineering to keep revenues high.
25% or 60,000 will be laid off. Many jobs outsourced to Asia for sure or purge of few thousand consultants.
I’m sure many old timers will be affected now.
40k opening in India for Rajeesh to work for 10% of the US employee. "AI" = Always Indians.
Unlike Microsoft, Cisco's leadership have no clue to implement AI so your job is secure