No matter how you measure productivity at Cisco, this recent layoff fiasco is going to hurt (and lead to more layoffs)
Cisco's fiscal year 2025 Q1 started August 1. On August 14 they announced layoffs on their FY24 Q4 earnings call and proceeded to do the unthinkable. They delayed notification to the LR'd employees until September 16th, a full month.
In the intervening weeks they sent 20,000 sales people to Las Vegas for their SKO. It was an unmitigated disaster. Employees were scared, miserable, confused and sad.
Yesterday, they fulfilled their promise of cutting. It will take a month to absorb and manage the losses. That brings us to October 15, one week before the end of Q1
Q1 is over, folks and because of the incompetence of the ELT, the numbers are going to be terrible.
Q2 has both Thanksgiving and Christmas breaks and ends January 25th or so.
None of the AI products are ready and they won't be until mid 2025. Customers have been neglected while Cisco collectively waited for the axe to fall.
February 2025 layoffs will dwarf these.
just a complete disaster of their own making