Thread regarding Cisco Systems Inc. layoffs

Cisco’s mass layoff to affect hundreds of Bay Area tech employees

By Madilynne Medina
Sept 16, 2023

Cisco Systems is set to lay off hundreds of South Bay employees next month, the latest tech company to conduct a mass layoff of Bay Area workers.

The news comes after the company cut nearly 700 positions in the Bay Area earlier this year, including 70 layoffs at its San Francisco facility, for “business restructuring,” SFGATE previously reported. In a November 2022 EDD notice, Cisco said it planned to cut 4,000 employees around the world.

Cisco did not immediately respond to SFGATE’s request for comment.

by
| 2171 views | | 8 replies (last September 19, 2023) | Reply
Post ID: @OP+1oDwe1mn

8 replies (most recent on top)

Comments amazing, almost like some see this as some type of game just because "the numbers" don't align to their definition of "mass layoff"...

350 out of 80,000+ employees is 0.44%. That's hardly a "mass layoff". Until the numbers hit 5% or higher, please don't try to make 350 sound like it's a big deal. It su-ks to be one of those 350, but I was part of the 6,500+ employee LR from back in the day and ended up coming back in a different BU--effectively doing the limited restructuring the hard way--and they got as good a package as I did.

by
| | Reply
Post ID: @3xzf+1oDwe1mn

Comments amazing, almost like some see this as some type of game just because "the numbers" don't align to their definition of "mass layoff"...

by
| | Reply
Post ID: @1yqx+1oDwe1mn

Wokey Wokey Hokey Pokey

by
| | Reply
Post ID: @1vme+1oDwe1mn
Cisco HR plays it cute like always by laying off thousands more in the other states, but keeps the maximum number for each state one person below what is required by state laws to avoid public notices

Someone can't do math. The # of impacted employees at a given site, not state, have to be less than 50 in a six-month period. If they let go 49 people in every state, of which there are only 50, that's less than 2500. Sure, 2500 is technically "thousands", but its's a far cry from the 5500+ and 6500+ that were let go in 2011 and 2016. Go cry me a river.

by
| | Reply
Post ID: @tid+1oDwe1mn
The 350 employees were notified of the eliminations on July 17, 2023, and were able to choose Aug. 31 or Oct. 16 as their last day of work, the documents indicate.

So this is old news, talking about the final cuts from the Nov '22 LR that happened in July '23. While I don't like that the ELT finished the Nov '22 LR the following July w/ no announcements that it was coming other than talking in the next all-hands that it was previously announced (and all but forgotten) just to cover their a$$.

And 350 employees is nothing. Talk to me when it's above 5000, like the 2011 and 2016 LRs.

by
| | Reply
Post ID: @jii+1oDwe1mn

Cisco HR plays it cute like always by laying off thousands more in the other states, but keeps the maximum number for each state one person below what is required by state laws to avoid public notices

by
| | Reply
Post ID: @yta+1oDwe1mn

Looks like it's from here:
https://www.sfgate.com/bayarea/article/cisco-mass-layoff-affect-hundreds-bay-area-18369882.php

The company will lay off 227 San Jose employees and 123 Milpitas employees by Oct. 16, 2023, according to documents from the California Employment Development Department.

The 350 employees were notified of the eliminations on July 17, 2023, and were able to choose Aug. 31 or Oct. 16 as their last day of work, the documents indicate. Though the employees were notified in July, the layoff notices were received by the EDD on Tuesday.

by
| | Reply
Post ID: @kug+1oDwe1mn

Another Cisco day with Chuckie and CFO working remotely from their Atlanta golf course mansions

by
| | Reply
Post ID: @vqj+1oDwe1mn

Post a reply

: