Thread regarding Cisco Systems Inc. layoffs

August Layoffs

This is a post from last year, August, the same story...

Watch out for dates prior to RSU vesting

Large layoff took place the week of August 10th 1 month before RSU vesting on 9/11- Kelly Kramer the CFO didn't want to pay out the vested shares so folks had 2 weeks to find another job before they officially leave the company.

BTW - Kelly Kramer made the entire Finance team come in on a Sunday so she could go on a fishing trip with Chambers!

by Anonymous
| 4194 views | | 4 replies (last August 1, 2016) | Reply
Post ID: @OP+ID55aJ6
Comment! It's anonymous!

4 replies (most recent on top)

Sneaky little bean counters. Also the last of stock options are due in a few months.

Perfect and uncanny timing....just THINK of the bonuses coming up for them...!

by Anonymous
| | Reply
Post ID: @2pyl+ID55aJ6

All RSUs from sept immediately vested if you were LRd there was a 60'day window last year from the LR date.

by Anonymous
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Post ID: @1aku+ID55aJ6

Just saw all the contractors terminated today in my team. What is next, FTE?

by DJ
| | Reply
Post ID: @euv+ID55aJ6

Source: @DRvx3pZ or https://www.thelayoff.com/t/DRvx3pZ

by Anonymous
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Post ID: @qlp+ID55aJ6

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