Thread regarding Cisco Systems Inc. layoffs

That’s true, SJC enjoys inflated wages but on the flip side they also enjoy inflated expenses. Plus all the downsides of living in California metros.

"Now young people get 75k/year just for showing up."

Oh boy. You just have no idea, do you? Try 150K for a G8 in SJC!

Stock grants vs. Stock options are completely different animals.

@1xcn+1iGSXdZy I doubt you really worked at Cisco because they do give inflation/cost of living raises.

You call $200 raise a cost of living increase? Lol

@1xcn+1iGSXdZy Buster, I just came here for the chicks and free beer.

Did you think before you typed that out?

@1vcj+1iGSXdZy I doubt you really worked at Cisco because they do give inflation/cost of living raises.

I spent the first 3 years of my career earning dog sh*t because the Great Recession combined with no experience meant cr-p salaries. Now young people get 75k/year just for showing up.

The next 5 years of my career I spent getting 10% raises YoY before finally hitting 100k with about 8 years experience.

Cisco then hired me for a 30% raise and never gave me raises beyond inflation due to “Covid, budget issues, etc” for about 4 years.

Then I quit for 50% raise at a smaller IT company. I got stock options, I don’t know if they’re ever going be worth anything. Certainly not counting on them.

The truth is that it’s just not the same as it was pre-2010. The game today is about maximizing your salary and moving every few years.

"A long run" and you are still a grade 9/10? Sorry to hear that...

Younger employees can be a bit demotivated due to the cost of housing combined with college debt. It's not 1993 anymore where people can afford a home. That's now a luxury afforded to first world countries.

Or should everyone just become debt slaves with jumbo mortgages, student debt, and skyrocketing healthcare costs?

Cisco is not a cool company to work for. Most of my friends in their 20s in tech think working for Cisco is like working for a dinosaur like SUN.

Youngers aren’t lazy they are the most determined individuals sometimes more than olders! Do not hate on youngers

I don't see young and skilled engineers joining Cisco; they join Cisco subsidiaries for better culture if they are not bind into the immigration process.
Stock is good to build up long term. But have you ever realized the longer you stay with Cisco, the longer your skill-set phases out then losing the chance to join other companies with better stock? And, for the young, there is always a room to dream big; then, startup world always welcome. Of course, if the startup fails, with the amount of knowledge they have been building up in startup environment, it is again easy to be back with other companies better stock than Cisco.

The advice you provide is right-on, but does not fit the profile of the younger Cisco employees because they are lazy or choose to work for another company at same time since Cisco management has no idea what goes on at the lower levels of company