Can’t believe how we got laid off and Cisco is now giving out record bonuses! Happy for my colleagues, but we really got screwed! Cisco leadership just doesn’t care about people!!!
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Just say no. Place will be a automated sweatshop in 2 more years. If you are new in career, su-k it up and do a year or two, then leave for the no doubt greener pastures when you get some time and experience.
As with any public company, the top players stay and the bottom players go away.
It does paint Cisco in a bad light that they continued w/ the remaining Nov '22 LR impacts in July knowing that they were having a record year. There's no way that the CFO and other financial people couldn't tell by the end of FY23Q3 that Q4, and the fiscal year overall was not going to be great, so why LR those who needed to be part of the FY22's poor performance that caused the Nov '22 LR numbers. If the BU's were so poorly managed that it took them 8 more months to figure out who to let go while simultaneously having record performance by some miraculous reason, don't you think it would have been better optics to just cancel the LR's of those people who had gotten lucky and made it though the rest of the year? Then, if needed, the ELT could cull them in the next round and no one would have been wiser and all the negative feelings could have been avoided.
However, not that Cisco or the ELT cares about its employees, those people who managed to survive the Nov '22 LR until July '23 will get their bonuses. The FAQ says they have to be employed through Aug 16, 2023. From what I understand of the packages offered in July as part of the Nov '22 LR, they could pick between Aug 31 and Oct 16 as their termination dates. I'm sure that Cisco did it to "encourage" them to sign the agreements not to sue because they contributed the entire year towards those record numbers and deserve their bonus. Now, whether or not their managers give them a 1.0 or 100 IPF (or higher) like they deserve, or they play a numbers game to calculate an IPF value that results in them only getting the total year end bonus amount that matches what they've already received as part of the mid-year bonus payout is another story.
Large corporations don't care about worker bees. You're nothing but a dispensable resource. A number on a spreadsheet. Don't go thinking this is limited to Cisco. Virtually every profitable IT business has conducted layoffs these last couple of years. Capitalism is a cynical b1tch.
Cisco leadership just doesn’t care about people!!!
You are not needed to further drive the success of Cisco and got laid off.
Others are still needed to drive the success of Cisco and get an additional 2.5% of their base salary as a token of temporary appreciation.
I think that is called capitalism. Vote me down if you don't like capitalism :D
There is some belief right now that hiring people internally is poisonous. It is pretty short-sighted actually to limit candidates to internally-only or external-only.
They laid off so they can give bonuses. Lesson learnt don't join Cisco. They are openly saying they prefer to hire externally even if there are internal candidates. I advise anyone out there to join Cisco don't waste ur skills and experience in Cisco