It's going up because everyone is expecting another positive earnings report next week. There will be NO Layoffs despite the common belief.
wouldn't expect any til FY26 at the earliest. I know you negative nancys will be mad but it is what it is.
Plus they've been doing a ton of hiring this past quarter.
This is satire, right? Anyone who’s been at Cisco long enough to be vested knows LR’s come regardless of the stock and hiring. Some of the biggest LR’s in recent years come after the most successful earnings reports. That’s right, huge bonuses follow stock surges then huge LR’s
Stick around a minute. You were enlightened.
you had to be blind to not see this coming. customers are buying Cisco's AI story no matter how much you negative nancy's want to say otherwise
:)
Budget period. You open as many reqs as you can get by ops. Then you let them time out after you have the budget.
Nancy is hiring
While DEI is not the sole cause of Cisco’s problems, it certainly is a contributing cause.
Yes, a few years of DEI is why Cisco's quality has been garbage for more than 30 years!
Cisco needs to do far deeper layoffs.
Spare us the lecture. Cisco needs to focus on its business instead of all of the garbage it’s been distracted with for years, including DEI nonsense which hinders their effectiveness. While DEI is not the sole cause of Cisco’s problems, it certainly is a contributing cause.
For those of you posting the anti DEI propaganda like a broken record. You brainwashed minions make it too easy for the billionaires who are hiring cheap labor outside of the USA and stripping away labor protections. Grow a brain cell and stop repeating what the billionaires and pundits on angertainment news outlets (also owned by billionaires mind you) want you to say.
Pick up a book and learn from the labor movement we had in the USA already. Same playbook: divide and conquer while the rich get richer.
If you could just think and pause before regurgitating what you hear from angry pundits making money by making you angry, it would help.
YES AGREE SHAREHOLDERS MUST DEMAND FULL AUDIT TO SEE WHERE C LEVEL BUDGETS ARE GOING. THE REPLY ABOVE INDICATES WECARE OVER THE TARGET AND FLACK INCOMING. #REMOVECHUCK
Cisco will continue to move more jobs to India, including senior management roles
Cisco is plagued like any most mature Publicly trade Company.. Currently its plagued with Indian Veggie flocks(so called indian higher class clueless ..a..holes) they rule the Cisco engineering mgmt world.. most of the them are d-mb a..holes, no clue what is networking.. they got their jobs because of their buddies... God Help cisco !!
Do some real DEI...legit hot women!
A group of shareholders need to demand a full audit of Cisco at the next shareholders meeting.
...
Especially at the operational budgets for SVPs and above.
It's so cute that you think the bulk of Cisco's misspending is paying too much for lunch!
Full audit? At one point if you multiplied the number of ClearCase branches by the number of files in each branch of just IOS you'd have more files than the Library of Congress has items. On average each file has a lot of bugs. Add in three more routing and switching operating systems and many more unrelated business segments where the whole company is run with the "we're going to keep making the same mistakes until everything is fixed and then we'll look at how to improve things" attitude and you have a recipe for a 4.27% CAGR in revenue and a 24% stock price drop over nearly 25 years, neither of which accounts for inflation, along with four quarters of year over year revenue and earnings declines. Adjusting for inflation it could be years before Cisco's annual revenue returns to where it was in 2023. Look at the billions per year in acquisitions and the billions per year in bug fixing and you have all the auditing you need to identify many billions a year that could have been better spent. These numbers exceed the total annual revenue of most of Cisco's competitors.
What Cisco doesn't have is talent to correct this situation at any level, and these are problems caused at every level. Like an addict continuously tripping on an IV of overly high salaries, stock grants and self aggrandizement nothing is going to change until everything hits bottom.
I'm a DEI-hire: disabled with 1-eye, transman, person of color. If I get LR at Cisco, no one gonna hire me.
You're a white male incel sitting in your parents' basement wearing a Klingon outfit - the same kind of people that forced Cisco to have to grow by acquisition starting over three decades ago. If Cisco replaced the correct two thirds of its software developers with tree stumps they'd be far better off. Statistically throwing some of the money not wasted there on some DEI candidates they're going to find a few who easily outperform those let go.
"I'm a DEI-hire: disabled with 1-eye, transman, person of color. If I get LR at Cisco, no one gonna hire me"
Why not? The conditions listed are not reasons for a company not to hire you. Those are excuses.
Please make a list of your qualifications to do the work you would be interviewing to do....
On your Résumé", not here. Duh!
I'm a DEI-hire: disabled with 1-eye, transman, person of color. If I get LR at Cisco, no one gonna hire me.
If other tech is laying off we certainly are don’t be delusional
Earnings report is bogus. A group of shareholders need to demand a full audit of Cisco at the next shareholders meeting.
They may find the same cr-p DoGE is finding, maybe not. But they better look closely. Especially at the operational budgets for SVPs and above. Would they find items of interest? Magic 8 ball says”Yes, it is certain”
Clearly the OP is new here. The price usually goes up before an earnings call. Cisco the loser in AI.
Meta announced at earnings a few quarters back the had significant revenue growth AND reduced the workforce. Read that again. Meta doesn’t give af if they make more revenue. They’re cutting heads anyway. What did the market do? They loved it.
The days of revenue growth = no layoffs is a thing of the past.
So while the OP thinks it’s blue skies, the sky color has changed to orange.
Google is joining Meta, Amazon, and other big tech companies in winding down its diversity, equity, and inclusion (DEI) programs.
In a Wednesday memo to employees that I obtained (and you can read below), Google’s head of HR, Fiona Cicconi, said there will no longer be DEI hiring targets due to the company’s status as a federal contractor and recent “court decisions and US Executive Orders on this topic.” As The Wall Street Journal notes, Google also removed a line included in previous annual SEC reports saying that it’s “committed to making diversity, equity, and inclusion part of everything we do.”
Hiring via acquisitions along with hiring cheaper labor abroad.
@ae+1jkfhg36h CX and Sales. You didn't see all the reqs in Dec and Jan?
Didn't you hear? Layoffs were on the third. It was posted here so you must be wrong!
What was also posted here multiple times were analysis of how the $200M-$300M left for this round of layoffs could be handled, and for the relatively small number of bodies PIPs or if Cisco wasn't stupid with hiring, attrition could get rid of the 1120-1600 people Cisco wants to lose. They really need to lose far more and bring in competent leadership so they can eventually do development instead of churning bugs with no path to stability.
Pie in the sky thinking. Earnings
outlook reported earlier this week by much bigger technology/AI players than Cisco are not strong. It's not going be a pretty 2H for CSCO ... layoffs to follow.
I wouldn't go with the part about the hiring but this earnings will tell you what the next 18 months may look like. Flat and the macro economics excuse sets up the rest of the year fail. Hope not but then guaranteed is cr wearing out the fed $ freeze continues and some AI nonsense along with fran and her bs babbling. lc will be there to talk sm--k and prove out how clueless she is too.
Good time to unvest
Ur clueless
Ton of hiring? Where in the company?