Having layoffs all the time reinforced by different attrition tactics such as PIPs and RTO? To what end? I’m seriously asking. Every well run company would have a sound cost-cutting strategy that would disrupt the overall functioning as little as possible. Meanwhile Cisco is cutting jobs like a mad butcher, disproportionately losing competent and reliable people, upsetting whole teams, and running morale to the ground. So the plan for when we come out on the other side is exactly what? To have less people, who are also less competent on the average, who will all work for three?
9 replies (most recent on top)
Continue to perform the old rituals with the expectation that something might change.
There was a word for that once...
I have never seen any "plan" post layoff ... just another layoff. No meaningful adjustments to streamline costs. Note to all who consider themselves safe ... this is a game of musical chairs, it's only a matter of time before you're left without a seat. Seriously!
Plan is to heavily invest in artificial intelligence to streamline operations and enhance decision-making, cloud computing to scale infrastructure and reduce costs, and cybersecurity to protect the ever-expanding digital footprint by instituting a quarterly cycle of layoffs to free up capital for these transformative investments.
The plan is to shift most positions to lower cost areas like India and Mexico. Then run a bloated management layer in the US.
They have "concepts" of a plan
Having no long term plan is the plan
No one would "plan" to operate a forever-sideways valuation in the midst of a market bubble.
Plan is to operate like a pension fund.
A quick search shows pension funds returned an average of about 7%/yr over the last 20 years. A constant stock price is a great way to not do that.
Plan is to operate like a pension fund.
Keep stock price above $50 despite no growth in revenue.
This is done through LRs every 6 months using the following equation :
Employees impacted (%) = {55 - Stock price}
When revenue starts to drop, splurge cash reserve on big acquisitions and get back to flat revenue.