Anyone else hear this? Sounds ominous. Like something you do before more restructuring…
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"Does this mean you can apply for higher level positions internally?"
Yes, you can. If you are a grade 6 TAC support engineer you can apply for a VP role in Marketing which means you will be making $400k per year instead of the $60k you make in TAC. Wow!!!
It’s simple:
- costing a fortune to rehire with the attrition rate through the roof
- people they are hiring are less experience and 30% more expensive.
This allows them to axe jobs without axing people, so it doesn't look like layoffs. That having been said, just because it's on the job board doesn't mean it has funding now that Q1 has begun.
The external job portal has lots of jobs listed. This thread is just basic rumors, as always.
An interesting method of closing all the fire exits. At least if you're applying for an internal job, you know what you're competition looks like
Does this mean you can apply for higher level positions internally?
While it might be normal to do before LR's, it sounds like Cisco is starting to find that it's more expensive to pay people to leave, pay recruiters to look for candidates to fill new req's, pay people to receive assets (PC's, corporate credit cards, etc.), wipe and re-image laptops and cancel credit cards, ship re-imaged laptops to new hires, setup accounts and onboard new hires & wait for their account accesses to be granted and then come up to speed, than it is to do internal transfers.
It's being advertised as thing that is good for us to allow career growth, promotions, etc.
What's not being said, however, is whether or not there are any internal notes in the HR system telling prospective managers not to hire an employee as an internal transfer, or if there's any unspoken rules against manager's hiring people who are on LR lists. I do know, back in the day, that if you were on a PIP you were not eligible to apply to internal positions. If you got on some manager's bad side and they wanted to manage you out, you couldn't even escape to another team or BU. You had to basically leave and come back.
well the drill is you will be told to look for a job internally and if you don't find anything, then Cisco owes you nothing. hasta la vista baby!
Not quite. When they announced the "voluntary" LR along w/ the early retirement offer, they said people would be notified if they were "at risk" of LR and they could opt to take the voluntary LR, or ER if eligible, or wait and find out if they were going to be LR'd. Then they'd have 30 days to find a new internal role or take the LR package which was reduced from the voluntary LR package by 2 months, which was basically about the same amount of time people were still employees and drawing a paycheck compared to those who left early.
Bottom line, they still provided a severance package. Even back in the days when they "managed" people out of Cisco through Performance Improvement Plans (PIPs), they gave people severance packages.
well the drill is you will be told to look for a job internally and if you don't find anything, then Cisco owes you nothing. hasta la vista baby!
I interviewed for a FTE job at cisco 4 years ago. 3 interviews went excellent, then silence for 3 weeks. Out of the blue I get a call back with a job offer. I review it, everything looks OK, some little things to negotiate. Get called back on schedule to discuss finalizing. I was told then the position had to move a contractor position but would convert to FTE in 3-6 months (yeah right). I was in need of a paycheck and just accepted it while I waited for other offers to come in. Got 3 offers 3 days before I was to start as a contractor. One I was really hoping for, came in at the top end of salary, and the one I accepted at 4:45PM on a Friday. Left a message with the contracting company to let Cisco know I was not going to be there. My phone started ringing like crazy. I just shut it off and blocked the calls.
Just because a job is posted doesn't mean it has funding.
Isn’t it a good thing to help those that are already here, and showing the company loyalty (for some reason)?
Time to GTFO
Given current attrition, it's a great way to lower headcount.
This is a permanent change - As far as we've been told... All backfill reqs will be required to be internal only for 20 days to allow for internal promotion cycles. Probably the ELT trying to lower the amount of attrition they've been seeing lately.
Upper Management has been saying they won't be laying off folks and will instead be trying to move employees. We'll see if there is any truth to that this year.
You mean something we do every Q4
Yes, they said they’ll be doing that during the check in