Thread regarding Cisco Systems Inc. layoffs

Chuck likes to wade into the political waters when he should probably have kept his mouth shut. Its one thing to advocate for the homeless, its another to start spouting layoff policy statements that you can't back up. That's OK, he's moved on to being a social justice warrior giving company money to political organizations.

Both (layoff and social justice) are empty gestures "solved" by throwing money at the problem. Give a bigger LR package to assuage your guilt. Give to BLM and NAACP to obfuscate the reality that Cisco, like many Silicon Valley companies, has not provided opportunities to African Americans. Diversity reports vs percentage of the population, and how so much of the college recruiting somehow manages to exclude people of color in the Silicon Valley classes.

Here is the comment about no layoffs at Cisco.. guess that didn't work out.
https://www.washingtonpost.com/graphics/2020/business/50-biggest-companies-coronavirus-layoffs/

30% of the eligible people who were offered the early retirement package took it

Yes, about 2100 from 7500. Remember it was North America, Singapore and South Korea only.
Everybody else went straight to LR.

the 101 are H1B people who opted out of initial pool to get more time. its sad way cisco is treating its employees

People don't seem to realize that after being impacted by a layoff at Cisco it's difficult to land job interviews. Companies prefer to hire employed candidates.

Applying to jobs as an unemployed candidate is a vastly different experience.

so each of those 101 employees got about $10M in compensation? put me on the next LR train pls.

We can all wish. I'm hoping that was sarcasm, but in case it wasn't, the 101 is the number of employees who were forced out of Cisco in San Jose because they didn't take or were not eligible for the Early Retirement offer and were notified after the ER program ended that their jobs were "at-risk". They had an option to take a larger severance package and voluntarily leave, or stay and try to find a new job within Cisco before their position was eliminated.

Sure, 101 is a small number, but how many other people were forced out across the entire company as part of this $1B cost-cutting plan?

I've heard that approximately 30% of the eligible people who were offered the early retirement package took it, but they haven't said how many that was or how many were eligible, so there's no way to calculate how many people left. They also haven't been transparent about how many took the optional/voluntary severance package.

I'd love to know how many have left Cisco this year due to the pre-COVID LR and the fall ER/LR.

101 employees in SJC is a rounding error.

oh, what a way to press it. Cisco, you know you are evil and i can see Fran LOL in her seat and in all hands now thinking of millions in bonus. yes some tear eyes also.. glycerin please

101 California Employees Cut Following $1B Cost-Cutting Plans
1,000,000,000/100 = 10,000,000
so each of those 101 employees got about $10M in compensation? put me on the next LR train pls.