The restructuring will eliminate up to 5,500 positions, representing approximately 7 percent of our global workforce, and we will take action under this plan beginning in the first quarter of fiscal 2017.
So nothing will happen tomorrow????
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That was from 2011.
California law firm warns Cisco employees: Do not sign severance agreement:
http://www.bradreese.com/blog/8-15-2011.htm
:)
No, rejecting the 1:1 makes the boss's job harder. For all that matters, he will be asked to fire people and they will cut him too. So just some empathy. He is asked to do the dirty job.
At any rate, As far as the package, it will be alright. But they front load all the payments in October. This means a huge tax bill for 2016. If you can negotiate that and have the money paid out in January, that would work out better to spread the tax to next year and will help in the event that folks don't land a job before Dec 2016.
Get the paperwork and get things sorted out as soon as possible. The final day is the same but 1 more day of avoiding it is one more day of added stress. It isn't the first company you worked for and it won't be the last. Maybe now is the time to shift gears and try to get into that different field you have been thinking about....and reflect on all of those good times you had at Cisco.
It's currently Fiscal Year 17, Q1. So it is now
@gfs - don't hate on the PEs and DEs, as some of us have 1:1's tomorrow and not everyone is a jackass and does nothing.
It's a done deal for me, my 1:1 has been scheduled already - good luck to all of you, the game is over
I'll bet the a-hole do nothing Principals, DE's and directors will still be retired in place this time next year ... Looks like business as usual at Crisco ... Maybe Chucking will be kind and give managers a tube of KY for the 1:1
Should I reject the invite from my Boss then?
CEC:
"You can expect the restructuring to begin over the next few days for the U.S. and Canada, and globally in accordance with country laws and regulations."
We are currently in the first quarter of fiscal 2017.
heh you must be kidding. We got out meeting invites already :)