I would like to see numbers. I just can’t imagine high turnover, frequent layoffs and reorganizations actually improve performance. Morale has been shaky, uncertainty is not a great performance booster, while post-reorg/layoffs adjustment periods and training of newcomers can only take away from the efficient workflow and results. It’s shortsighted.
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Reading all this makes me think CSCO is preparing to make itself one of the biggest shorts of all time !
That was in the early 2000s when the stock went from $82 to $8. Cisco's stock isn't valuable enough to lose $74/share.
The telcom providers died quickly because of a fundamental shift from reliable circuit switching to unreliable packet delivery. Cisco has no peers in revenue or market cap and they're handily beating some legacy competitors in operating margins, so short of a similar fundamental shift that Cisco can't adapt to, it will most likely continue to slowly bleed business to their competitors for a very long time to come.
Reading all this makes me think CSCO is preparing to make itself one of the biggest shorts of all time !
Once upon a time, Cisco used to laugh at companies like HP and 3Com who would have predictable and regular layoffs.
Now, the shoe is on the other foot.
I actually think manager and director or VP/SVP loves to fire people, it is one of the we-pons manager have now.. There is no performance management, it is just a quarterly layoff, and that does the job. Was wondering what happened to these MBA education and degrees people get..
My VP actually laughs at firing people at home, big, loud laugh! damn Webex. , we all heard it..
Look at the avg Cisco salary in 2007, and compare it to the avg Cisco salary in 2024 with 17 years of inflation. All those years of chaos & layoffs kept employees distracted from the lackluster salary & benefits below the VP level.
Cisco growth strategy is through LR. Need we say more?
@xua+1vFO9qSM - thanks white woman from HR! We'll stay at Cisco until we're laid off and have even less control over our future.
As Cisco's leadership said in ancient times, any company that has to do annual layoffs is mismanaged.
There are high levels of managerial leadership that know they're sc--w-ups and that they can't figure out how to correct the 40 years of technical debt or guide their engineers to be able to start developing instead of bug fixing. Very few in the technical leadership ranks have a clue of how clueless they are. The rewards system is built on keeping dashboard lights green and like Pavlov's dogs few of you respond to anything but the dashboards.
Nearly 24 years of complaining about layoffs, starting with Cisco letting go of 27% in 2001, haven't changed anything. Even if you are in the ELT, it's likely you won't either.
Outside atmosphere is brutal now! you can not find a job! No one is hiring! it is a bunch of garbage positions now outside, contractors, short-term, willing to travel, on call duty.. willing to work in global team -> report to India based managers and directors, (not a biggies sometimes), however, it will change your culture to be Indian culture. Feel like Indian food every lunch and laugh at India jokes, .. ? that is what is coming to. you..
Management is focused on cost savings so the impacts from it, are sorta neglected. They need to make drastic cuts to operational costs.