How does it work ? Having seen several talented people let go off and hiring more in the same teams? Does the math even make sense to executives? What’s the logic ? Do FLM’s hold all the power in their hands ? How do they determine who will be chopped ?
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So far ELT has failed to delight Wall Street. Stock stinks compared to S&P 500 for all kinds of matrix and time periods.
Cisco is a legacy "software" company with 40 years of technical debt and no software development skills.
If you want to create the next big thing, be you an Engineer 1 through CEO, that generates $10B/yr in revenue, a number that exceeds many of Cisco's direct competitors, are you going to Cisco where you increase its revenue by less than 20% assuming your project isn't cancelled for you to bug fix someone else's mistakes or do a startup where you can really run unconstrained and the stock can go to the moon? So that you don't think it's just a hypothetical, Arista has less than 12% of Cisco's revenues and more than 57% of Cisco's market value.
Why the living he-l would a anyone with google, meta and Microsoft on their resume want to go back to Cusco…???
Unless it was some mega promotion he’s have to be utterly nuts, especially after they fired him…
I mean going back to managing 20 year old spagetti…???
FLM is equivalent to Pam in The Office.
Layoffs help political agenda and have an immediate impact on stock price. Hiring must come from another pool of money . FLM also gets to pick people they like instead of having to deal with people they got as part of re org .
So far ELT has failed to delight Wall Street. Stock stinks compared to S&P 500 for all kinds of matrix and time periods. It hasn’t broken $60 in long time and probably will never go above its previous all time high.
FLM are selectively asked to produce a certain number of names for potential layoff, but the aggregate number of required heads is determined higher up
they may try to make the case that they need an exception, but I doubt there is much latitude
FLM is basically a useless position at Cisco....basically Team Secretary
Strictly a math problem and numbers game. Finance (Scott) do the numbers. Then they kick it over to HR and legal for analysis. They kick the can back and forth until they get the right number.
There’s no big hand of god making the decision. Employees are strictly data. They don’t give a f-c& about performance. They don’t give a sh!t about you.
They just want to delight Wall Street.
They re-hired a friend of mine who left Cisco but proved himself at Microsoft, Google, and Meta for years working in software.
I will consider Cisco as a Plan C since I have had a similar path
They would need people with Cisco experience but bringing modern technologies to keep the company afloat.
WILD WILD WEST