February 2021 layoffs--Americas

This will be the more traditional layoff model Cisco has perfected. Q2 earnings announcement on 2/10/21 or 2/17/21, with notification to Wall Street of another $1B cost reduction (perhaps more). Layoffs take place the next day, or Tuesday of the next week (TBD).

Figure at least another 7-8%. Then cascade the cuts WW.

Sets up the next one for September 2021, after Q4 earnings call, when Cisco will reach it's goal of 60K employees WW.

It's all mapped out for those of you who think the ELT hasn't got a plan.

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Completely FAKE news. Poster has not idea on where does Cisco stands in terms of 1B saving goal and other details. Please stay away for such fakers.

makes sense
managed decline

OP, Q2 earnings announcement is on 11/11/2020. Another LR will be announced.

Cisco is a death spiral company. In the RTP area, Lenovo and IBM are the same way. Quarterly reductions in staff. When a company gets into this mindset, it is done. Staff no longer cares, work is done half arse, and there is no loyalty. The smart staff work maybe 50-75% of the time, the rest in learning skills and looking for another company to move to. Most of the others, put their rosy shades on and think everything is rainbows and unicorns. Trust me, those are usually the brown nosers, yes people, and ones staying loyal because of fear of not being able to find work.

40k

You keep posting this 60k number. What about red badges?

Fake news.

Uh we know they have a plan and it's all centered around layoffs. Nothing new here.

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February 2021 layoffs--Americas

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