- that would allow as many of us as possible to find new roles within Cisco or somewhere else? Calculated move or coincidence?
9 replies (most recent on top)
There's nothing significant about Sept...ELT must disclose this publicly to investors, and some states & countries have separate disclosure requirements. Because it was disclosed at Earnings, the clock starts, and now they can work on the state & country disclosures. They could have gone public sooner but chose not to.
There's no conspiracy with the timing.
The better question is how did Cisco go from a record FY23 to such a terrible FY24? Investors aren't pulling this thread enough.
Hey - September is 3 more US paychecks and a month closer to RSU vesting if you are lucky ;-)
@jdr+1u2ke19y no one will leave during this time period. If you’re interviewing, you’d set your start date for after the layoff.
Then you have a chance to get both severance and hop jobs. If you leave on your own, you scratch that possibility of severance if you would have been picked.
This, ironically, now guarantees no one will leave on their own during this time.
Plenty of time to get the resume updated, start applying, interviewing, and if you time it right, get the package and move on. It's like hitting the lottery with a nice payday
Some one will leave cisco themself,and so they
can save money.
I guarantee you it had nothing to do with the benefit of us in mind
Who said that they thought about us ???
They thought about them!
Because ELT have kept the details to themselves. Hardly any execs, even SVP, have clarity on the new org structures. Hard to axe VPs when your SVPs desperately want to keep them ("who will do the work whilst we fly the world?"), so kept them in the dark until today/next week hand down the list of VPs that must be let go.
I guarantee you it had nothing to do with the benefit of us in mind
It's genius. Don't believe what you read here. There will be a huge productivity boost because folks are out to prove they deserve to stay.