How long will remote work last before massive layoffs begin at Cisco and at all companies?
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Daddy-o Chuck and Mommy Dearest Fran will play nice while COVID-19 is going on. They want things to run smoothly while there is a surge in demand for Webex. But after COVID-19 winds down the layoff belt will come off and it will be back to the beatings that the dysfunctional Cisco family is known for.
At Chucks leadership meeting this week he said no layoffs for 60 days. He and Fran also shared their “challenges” with working from home :- when take lunch or breaks !!!! Nuff said.
Layoffs started when coronavirus started. Four days of blue badges followed by red. Red badge layoffs are unsightly as they slide through cracks and back doors. Nobody knows when they come, go or how many were impacted. Think of it like remote blue badges.
So, in 60 days expect to get LRd
Well, we might be wrong about imminent cuts based on CV-19. Chuck said today that they will not make any sudden moves for at least 60 days. I wrote the 2nd reply and it’s a real relief to know that at least for now, we don’t have to worry about it.
I’m normally really, really hard on Cisco, but I have to say that they are handling this crisis well.
India will be decimated by this COVID-19, overcrowded and overpopulation.
Get ready.
Cut all the staff in India. They are useless. I know.
Troll.
All contractors to be LR'ed in all departments. Then if more cuts are needed, FTE will be impacted. Might be as high as 30% cut.
Sure, it's easier to cut contractors than it is to cut employees, but they're a different budget so it doesn't really improve revenues. Forcing employees to burn PTO to get that operational expense off the books, now that makes more impact.
But if they cut all contractors in all departments, some would need to shutdown as they're weighted more towards contractors. The employees are the subject matter experts who can handle the odd stuff, but ALL the day-to-day work is done by the cheaper contractors.
TIme to move to the bunker
All contractors to be LR'ed in all departments. Then if more cuts are needed, FTE will be impacted. Might be as high as 30% cut.
Greed in Silicon Valley is everywhere. Jobs outsourced for profits, Valley getting flooded with too many engineers and many senior engineers getting pushed out.
We have few thousands homeless in Bay Area and Los Angeles. Does anyone care about the poor people ? Real estate market will crash and jobs will disappear soon. This is the Great Depression now. We need universal health care and separate it from job so that we don’t lose our health care. This is beneficial is some way. The whole society will change as a result of this virus. In some way, this will make positive change in society and big changes in the way we do business and get healthcare.
I heard from a VP they are currently looking at cutting 20-25% in the next few weeks
13 years a little harsh on the current leadership. Chambers’ years from 2008 through leaving were totally a lost cause of wandering through a desert of mid-direction.
In 5 odd years - Chuck has made efforts to make the company look software/subscription oriented. Corona - might lead to checkmate unless the market can accept low numbers for a little while as the economy re-awakens.
I think it’s now dawning on our American friends just how serious this is, and nobody is getting a pass. So, I fully expect the midnight Webex’s are running trying to figure this out. And it’s looking increasingly likely this will be a massive 3 month hit and maybe more than a year to dig our way out of the depression that it will cause.
So, I suspect the numbers impacted will be huge.
But it takes quite a while to come up with big numbers. So, I expect measures that deliver quicker:
- first might be to have a “plant shutdown” and get everybody to take 5-10 days PTO
- shut down complete business units or product lines. Anything with low margins will go.
Anything else?
layoffs have occurred for 13 consecutive years