Cisco has several underperforming departments that have been burning through resources for years without contributing any real value to the company. Projects are often stuck in cycles, bogged down by endless meetings, and lack a clear vision. While it's unfortunate that people may be affected, it's clear that Cisco has accumulated a lot of inefficiencies, and they’re aware of it. The question of how this happened and why those responsible are still in charge is another matter, but I've seen money wasted for years with no tangible impact. The same issues can be found at companies like Google, Meta, and Amazon—it's a reality that we rarely acknowledge.
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... with best .01% top grads of that country if not 0.001%.. our ceo opted for 25% payout at all levels after laying of too bad performers...
It would seem the company is both really bad at math and really bad at management.
It’s about offshore not onshore quality or priceing
I may be from a different culture so may sound weird. Used to work for a small 1000 people company during some earlier recession with best .01% top grads of that country if not 0.001%.. our ceo opted for 25% payout at all levels after laying of too bad performers with very good package sayings ours is a big family and we will take pain for my fellow family member aka colleague in this company.. I somehow feel layoffs r norm but please do paycuts as well and save some who r getting fired due to business issues and not related to their performance. We all can live happily with 10% pay cut I feel if we have peace of mind knowing some people r saved due to that..
...it's clear that Cisco has accumulated a lot of inefficiencies...
You're confusing inefficiency with incompetence. Cisco's code has been failing almost immediately after being fielded for over 30 years. That's why they gave up development for acquisition 30 years ago.
The same issues can be found at companies like Google, Meta, and Amazon...
All companies where the employees drink the "you're the top 5-10%" Koolaid. They're not, and by making this assumption they are discourage both company and employees from making the kinds of significant changes and growth they need to get better. From what I've been reading many of the top companies are blowing more than 70% of their development budget on bug fixing, which you can only do with limitless margins.
Its become a culture of managing out employees which the management doesn't like layoffs are perfect opportunity to get rid of them no one questions
Aren't you gladly buying products made in China and other cheap places for low prices at Costco and Walmart? Why can't companies like Cisco also go wherever they find cheap labor? Welcome to what happened to the rest of the USA all these years.
Would you pay $5 for something you used to get for $1? It's unfortunate, but this has been the reality for years. Major companies often establish 'Centers of Excellence' in countries like India or China to reduce costs. When your Tesla stock is soaring, you don't mind that production has moved to China, or that Tesla has laid off workers (and this applies to any major company, not just Tesla). The point is, if the stock isn't rising, it's bad for the company, the shareholders, and ultimately the employees. In the end, 93% of employees will still be there, possibly with a more secure future. Even in a tough year, there's still a bonus, while many companies offer nothing, even with stellar performance. If you work for an agency, you're likely getting three weeks of paid leave—nothing more. I understand it's difficult, but we're too many, so they can make adjustments without harming people.
How does that explain cutting workers throughout the company in areas that are growing? They use LRs to cut US and Western Europe jobs and move those jobs to third world countries where they will work for peanuts.