Thread regarding Cisco Systems Inc. layoffs

Cisco Finance is at best mediocre and full of Junk in the entire Silicon Valley. Don't ever Hire from Cisco Finance.

If I were a finance recruiter for a company in Silicon Valley, I will never never hire from Cisco Finance. Will never bother to touch finance resumes from Cisco as one VMWare recruiter had commented to me while trying to hire a finance partner for my business when I was at VMWare. She knew the analytical demands of VMWare. The Cisco CFO is one of the mediocre I have ever seen. I am a senior director of products in a business unit at Cisco now and came to Cisco from another big hardware competitor. My finance partners in two other companies I worked for in Valley were quite intelligent and very analytical. Some has great understanding about the technology as well as my business landscape. Most of the time I used to engage them in my strategy discussions. But I see finance people at Cisco don't have proper finance degrees and yet in finance org. I agree with somebody when she mentioned that people have miscellaneous degrees and have been with surviving in Cisco just by means of politics. Just s--- up to your boss…It is easy to blame engineers for Cisco's mediocrity. But take a look at other orgs inside the company, like Finance. The CFO is one of the dumbest.. Frank was good.

I work with the finance people in corporate side and some of those people used to report to the current CFO Kramer a year back until she got a guy from a consumer goods company who is interacting with the directors and senior directors. I deal with the Cisco finance org. during annual planning as well as regular finance discussions. The senior directors I deal with are so naive. They barely ask any probing question. They just take whatever numbers I give them. It makes my life easy. In fact they sometimes tell me to provide them some number that they can show to CFO to get get her off their backs. In no occasion I was questioned about the sanity about my business plans and projections. I would have explained them had they asked. Seems finance did not care as long as their pay checks comes along. I also don't care if finance gets the right number or not. I am here for the short run.

Usually my previous finance partners were very probing and were also very helpful in giving me insights about my business. But the Cisco finance people are pure junk, They have been just manipulating these stupid SW numbers for the CFO. Always asking me to give them SW revenue when they do not even know my business. So they basically take my HW revenues and re categorize it as SW revenue because the CFO is asking them. Sounds funny at times. There is one finance director for SW on the corporate side. I rarely deal with him...usually let my finance folks give him some numbers. But it seems the individual has been complaining to CFO about all the business unit finance directors by discrediting their analysis and business annual plan numbers when this person has no insight into the market trends or understanding of the businesses. This person has survived 4-5 LRs by s---ing up to the CFO. The CFO does not get the true picture of the business outlook. I think the CFO is very mediocre, but she can do better by at least getting rid of some of her mediocre finance directors from old time in the org and bringing in new people with strong financial background and technology understanding who can help the business units with insightful analysis and better business partnership. Else Chuck should just let her go...Seems she has a math major but total useless....

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| 2391 views | | 16 replies (last October 16, 2016) | Reply
Post ID: @OP+JwIJg12

16 replies (most recent on top)

Yeah..Heard the deadwood did not even tell his own team that he would be going to wreck Workday until last moment...Seems the guy told his team 4 days before his departure. Anyway, another talk was he used to wear different and very nice shoes everyday to all his meetings....

More politics than real work from this individual. I am in a BU, glad do not have to deal with this guy anymore.

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Post ID: @nawj+JwIJg12

Guys, don't name names, site rules. Made that mistake once, and it was removed by admins. Not just that, they nuked all my previous posts as well.

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Post ID: @gbme+JwIJg12

Yeah true...Another deadwood gone. Confirmed...This Alex finance guy was here for more than 10 years and had been playing politics against one another for a long time without any real work to show....

Bad Bad for Workday.

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Post ID: @eriy+JwIJg12

Yeah some people were talking about a guy called Alex something in finance.....That idiot is out I heard...BUs will do better without him. Gone to Workday....to mess up there..

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Post ID: @edcj+JwIJg12

When I was there, we used to work out the numbers for Kelly as needed..Not sure how rampant it is now....Wall street is full of fools, we all know that in SV. Nothing wrong in managing numbers.

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Post ID: @aczt+JwIJg12

revenue as SOFTWARE. Really? The offence algorithms don't like "as" followed by a widely used shorthand for software?

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Post ID: @5cah+JwIJg12

You surprise that all our H/W revenue ends up as software??? I'm not: rule one of bureaucracy: you don't measure what you've got, you get what you measure. One day, S/W revenue is good - what do you think happens? So don't be surprised if a lot of 'creative' work goes on reclassifying other revenue a--/W.

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Post ID: @5xro+JwIJg12

Kelly Kramer has a bunch of idiots in her org for sure....Not of much help to business units...Only the guy on Enterprise side is OK. I am in one of the SP business and the SP finance VP is a disaster....Never comes to any key meetings.

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Post ID: @4pny+JwIJg12

Yeah..I know finance in general and this guy's team in particular has been providing some numbers that are not based on business reality....That's what happens when you do not take time to understand the business. Too sad for Cisco.

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Post ID: @4rdv+JwIJg12

I can verify to some of those activities on finance side.....These people...in general this guy called Alex S or something has been pushing model after model to Kelly Kramer and managing numbers from HW to SW, SW to HW. It sure seems like some game is going on to show something to the street.

My GM of the business unit was very upset with the monkey business finance has been doing with numbers and telling us to provide them all sorts of financial data to carry out these stupid software allocations to show a big number to the analysts on wall street.

There are a bunch of overhead teams in finance just managing the numbers for the useless CFO when the underlying business is barely moving in the right direction. The CFO barely understands the business, neither the idiots below her. Just creating new work for themselves to show they are all very busy.

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Post ID: @4cjv+JwIJg12

It is very true...I am in one of the business unit and very well know what finance has been doing...Absolutely know idea about the business landscape they are supporting...We need a better CFO. Kelly Kramer should be kicked out. In stead of helping business units quantify risks and business opportunities, she has been shoving it to the business units with numerous asks about various types of data cuts and stuff. Slicing the same revenue data in five different ways is not going to increase the revenue amount. The CFO should know that. I see my finance partners are busy with useless rudimentary data request from Kelly Kramer's minions. Such a waste of time. Silicon Valley is full of smart CFOs. We should hire one from outside.

I remember, in one of the town hall meeting somebody has asked her about if she has a view and financial model at the company level to understand upside/downside how the revenue, SW growth and Cisco's valuation could look like in light of the changing market. Her answer was, " Why should I keep that? You tell me how it should like." Is that how a CFO should respond when asked about some strategic questions.

The talk in Silicon Valley is that she has advanced a quarterly resorting work by a few days so that she could go fishing with Chuck in Alaska. She is running Cisco like it is a pawn shop. She has been getting by because of Chucky idiot.

Somebody has mentioned a director called Alex....I can't remember his last name...That guy is another overhead asking us to provide data after data without providing any business insight. But burdens my finance partners and they have very little room to help me in business proposals. This guys s---s up to Kelly K like anything..He pretty much shows up at every meeting collecting data for Kelly K. Goes to all meetings information, spits out the same information in other meetings. Comes across as very intelligent. He spends more time building 10 to hang out with executives more than any other finance person does, as one of my finance business partner commented. I think this guy is supporting Kevin Bandy and all his idiotic projects.

IMO, in reality, such overhead teams are hindrance to business unit growth work.

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Post ID: @3jgq+JwIJg12

As a Cisco employee (waiting for the package) I am a bit shocked. Those details about Cisco Finance manipulating the numbers .... is disgusting.

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Post ID: @pte+JwIJg12

I was left Cisco finance a month back as I wanted to spruce up my finance skills else where. I agree to some comments...I had a tough time to find a finance job outside because I really had not a lot of new skills that everybody else demands.

It was for sure an easy life inside Cisco as people did not ask for any hard quantitative analysis...My advise for people in finance is to be very proactive in what they are learning at Cisco. Other tech companies need many new finance skills that most of us at Cisco did not even know. I myself was primarily collecting numbers from one source and sending it to whoever needed it. Did not really add much value, Had for me to justify my role and hence left as my conscious me to do so.

Many directors cannot even build a rudimentary financial models. Mostly they take the work done by somebody else and put it on power point. I was an example of that. I had a certificate finance course and some other degrees.

I stayed for 5 years, made a lot of money, at least $2.0M - $2.5M over the years without any real skill. I could have just stayed at Cisco as nobody would have even noticed or would have come to know what I do. But as I said, conscious told me to go to a new place and work harder to justify the money I take. It gives real mental piece. Very happy with my new role. Can't explain how much better I feel.

Finance folks at Cisco. Stay as long as you can to make the most money. You are not going to save the company. Not are the execs. All are there for the money pot while it lasts. There will always be some bogus things going on about new strategy etc from execs...Don't buy them. Make sure you get your share every year. our time is limited at Cisco to make money.

Take as much as you can whenever you can. The balance sheet is strong. Tremendous amount of cash there. That is why there is a lot of in fight going on. No other company in valley will pay for the skills you have/have not. Leave only when your conscious tells u to leave. You will never make that much elsewhere once u r out of Cisco for sure.

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Post ID: @tme+JwIJg12

On Product side we know they have been manipulating the numbers on various revenue types...SW vs. HW. Recurring vs. non recurring. Seems there is a bit of pressure from top. I always get asked to re categorize my revenue and to categorize various SW revenue when I know they are really not SW revenue. But who cares...There is some 7 model framework that is making the rounds...it is new a new flavor these days...

There is this SW finance director who had told us to re categorize our numbers according to a certain a way. That was three years back. Now the same guys is telling us to re categorize differently. How ridiculous... This guy has a over lay team and comes with these frameworks every couple of years and burdens the business units will all those idiotic tasks. The director goes to pretty much all the executive meetings, listens what everybody says and vomits in front of business units. Very little if his original thinking or original view point. These are the people who should have been let go, not so much the engineering.

The CFO I agree is useless. A lot of fat and overlapping roles in her org. There would be at least 2/3 groups who work on the same numbers. If the CFO needs financial information, she can easily reach out to us in the business unit. But she has all those fat teams in the middle who just consolidate and muddle the BU finance numbers and message it to show it to CFO. She can easily get rid of this team and the director.

I am sure there must be another finance guys working on a different framework that we will come to know in a couple of years...:)

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Post ID: @gbq+JwIJg12

Yeah I was in doubt if finance is that strong in our company....this clears it up. Bunch of political savvy idiots in Kelly Kramers' org.

Some of the directors in finance I have deal with are idiots. They don't take the time to lean about the business at all.

I think it was cleaner when Frank was there. They had promoted some good people to directors and senior directors then. Some finance directors I deal with now are from accounting background. So sad....

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Post ID: @hzt+JwIJg12

Very interesting ! And all of this mess is affecting our meaningless goal sheets in the field!!

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Post ID: @ieq+JwIJg12

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