1 week out from earnings and vibes feel better than usual on my team. Maybe no big LR?
12 replies (most recent on top)
People that make decisions or generate opinions based on "vibes", or actually use the word "vibes" 😆
@ag You're getting downvoted, but you're right. People aren't being LRd because of stock activity this week. The names started being gathered before the previous quarterly results came out.
@b8 No, they won't be publicly announced on 11/10. And no, managers have not been trained yet. Training happens next week, but it wouldn't be "announced" until the earnings call on 11/12. Notifications happen on 11/17.
@ap IIRC, those people were notified the day after the earnings call.
Definitely won’t be announced until after earnings 11/12.
The Calm Before The Storm.
@b8 why 11/10? Not 11/12?
@OP i heard from a reliable source, LR will be announced on 11/10. Managers have been informed and trained.
I do not remember when was the last LR that was initiated in December
grok says:
November 16, 2022 (during Cisco’s fiscal Q1 FY2023 earnings call / report), for a ~$600 million restructuring that included layoffs affecting about 5% of the workforce (~4,000 employees).
I do not remember when was the last LR that was initiated in December if there was one
@ad the whole market is fcked, Cisco would be ridiculous to lay people off over this.
Stock just dropped 7% today
Stock market is crashing, CSCO at $95… if you don’t think MASSIVE layoffs are coming you are even d-mber than you sound.
how would your team even know?