For those who got impacted, have you found a new role yet or are still looking? Just curious. I applied to a bunch that I am qualified for and most of them doesn't even get back to me. The rule of the transition says they have to get back to the impacted candidate within 48 hours for the next step but they're not doing that.
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There are plenty of jobs available at Cisco if you are willing to move two pay grades down. Cisco has been targeting higher grade levels for years - this is nothing new. The only re-balancing is on Cisco’s payroll.
I love this company and was recently impacted by the January LR wave. No hard feelings, I worked with some great people, and they treated me reasonably well on a package that will allow me to retire.
After a while you become numb to the LRs since they come with such regularity. The Cisco that I sold alongside, sold with, and had an incredible career with, is a thing of the past. In my opinion, Cisco has lost the desire to be GREAT (through innovative products and people) and replaced that with a desire to be GOOD (socially).
Even if it is all talk.
I wonder we do have lots of money to charity but can't spend a little more to help existing engineers to re-train them for new openings?. ELT don't care (about) us.
It's called business accounting. Donating money to charity is a tax write-off. Re-training employees that don't have the skills you need doesn't contribute to the bottom line.
Granted, it's tough on employees, but name any billion dollar corporation that puts employees before profits.
I've worked at much smaller companies that do far more bean counting on how to cut costs instead of taking care of their employees.
One did a huge percentage of layoffs about 10 months after their IPO to avoid giving the departing employees their 20% of the 1st year's worth of vested IPO shares and kept just enough employees that had good relationships with senior staff before the company let everyone else go at 18 months after the IPO and kept the C-suite for another 6-mo to soak up what was left of the IPO funds raised.
Another did the math, and cut people in Nov just after Thanksgiving so that their severance and notice terminated their employment on Dec 30th so that their annual 401(k) matching for employees a/o Dec 31st didn't have to match the affected employee's 11 months worth of contributions. They cut just enough people so that the remaining staff in that office was 49, implemented a hiring freeze, and when everyone returned to work on 7/5, they let all 49 go. They completely avoided the WARN requirements by reducing that office to 49 and then waiting 185 days from the last termination.
It's all about the bottom line. Employees have been expendable resources ever since they did away w/ company funded employee pensions. Are you just now figuring that out?
Sorry to hear that you are impacted. Please do not believe on all those words from ELT. I wonder we do have lots of money to charity but can't spend a little more to help existing engineers to re-train them for new openings ?. ELT don't care us.
Many people who got axed had a good amount of unvested RSUs from what I have observed. So maybe they want to get these people off the books to avoid paying them out. Just my 2 cents.
One person in my department found a new role though. When I first was notified that I was impacted, I applied for a few internal roles with no luck. Then I realized that I probably didn’t want to stay at Cisco. Why? Because I realized that I can be a top performer and still get axed. Even if I found something else internally, I could be in the same exact situation 6 months or a year from now.
I turned my search to external jobs and recently secured a job making over 50% more. I recommend flipping your search to external roles. Yes you can coast at Cisco and get paid pretty well relatively speaking. But I was a little surprised to find that I was probably being underpaid.
Anyway, good luck and keep your heads up. There is life after Cisco.
It's a scam. We recently lost a talented software engineer. No replacement in sight. No req, no budget, nothing.
Finding most are being frozen out, not being encouraged to hire, only list the jobs.