It is the 11th. Nothing happened yet?
When is it going to happen? How many?
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It varies, but typically the finance people will want you to be paid out severance in an outsourcing arrangement. This is because the new company does not want to carry all your length-of-service obligations (including severance) and you get a new contract. That would then affect the final price, since if they have to carry those obligations, the price will increase because then they are forced into carrying you with a benefit load that they wouldn't feel happy with offering.
Thanks for the response "Regarding your first question- that's what is typically done by Cisco in similar scenarios.
For example, the Jungo folks who were outsourced 2 months ago received the LR package when they were let go."
Do you know in Jungo's case was Cisco HR involved in any of the offer negotiation? From what I gather my meeting is only with Lt believe for this scenario Cisco will be offering termination from them and joining HR. Regardless I am engaging a lawyer because I have a feeling I will get screwed with the severances offer by L&T versus Cisco.
Do you know of anyone that refused the offer and therefore Cisco had to LR them?
Regarding your first question- that's what is typically done by Cisco in similar scenarios.
For example, the Jungo folks who were outsourced 2 months ago received the LR package when they were let go.
no it's way more than 107. Saw the list and there are names missing there
CC said that those moving to L&T would get the same salary and equal or better benefits. Where do I sign up???
There are 107 already laid off.
Not sure how many will move to L&T.
I heard two things by reliable sources. First, those being outsourced are also getting the full Cisco package. This is possibly a sign that this is a temporary arrangement and the transfer is a short term arrangement.
Second, no one being outsourced to L&T has a clear idea what this means. Things may become clearer on Wednesday when a delegation arrives from India
anyone knows how many were let go in Jerusalem today (I mean real numbers)
IVP is a dead horse. China can make similar product for just pennies on the dollar.
Now ten that wold be difficult since I use a VPN all the time.
Careful with sharing names here, as personal info is not allowed. Site admins can be brutal, they nuke everything you ever written and block you from posting.
Made that mistake while ago, mentioned a colleague (did not slander her, just mentioned her name), they blocked my IP within minutes. I managed to override it by using proxies, but it's super slow.
We even have the technology to stream all the gory details in 4K UHD but I'm not sure anyone really wants to see Conrad's nose hairs and the fingernails on his ultra-fidgety hands.
can you share the list that shows all those fat pay packets for the whole bunch of destroyers?
Any way I'm going to look for another job.
Why do u still work thete? Get out of your comfort zone (which actually is not comfortable at all) Do you really believe their promises? (No more layoff in the next year...hahaha ...) It's better to quit than being fired.
I left cisco and must say that my life are better now: salary is higher, managers are MUCH better (!), business are great.
I do understand why cisco still needs you (at least for 1 more year-yeah?)...I dont understand why YOU need cisco.
Anyway I wish you all the best...
The entire ELT is going to show us out.
Is SVP going to show up?
As someone recently out, just knowing was a relief.
This tension over such a long time with ups and downs is very unhealthy.
Work is important but not at the expense of your health so stay positive.
Good luck to all of you tomorrow.
הכל לטובה
baasa
To the person who asked what is IVP. It's Infinite Video Platform
10:30 am tomorrow morning. Affecting Netanya as well as Jerusalem
Additional speculation:
At 9:45 - YV will notify about DW to his org - or he is moving to lead all delivery Red badge org in Indian company or that he is going home and that SG replacing him (Diversity, Inclusion), at 10:30 CC will notify about YV and that the process started, TM will replace YV as Security leader and TG as a site manager, between 11:00 - 13:00 - all impacted people notifications; at 13:30 - TB with DM and SGi will notify to all people about excellent opportunity to be a red badge Cisco employees with extraordinary severance package if they will survive one additional year. All fired people will start new life after their first shock ("Why me?" they will ask, each time it is not easy to be fired - but don't take it so personally - it is just matter of time, like in russian ruletta), all other employees will buy one more time the story that they are the best people, otherwise they were found themselves among fired people and that there were many mistakes in the past, but this time it is going to be the right thing to do and that together we will succeed (until the next wave at the next quorter) and that we have an excellent opportunities in the pipeline.
What will not happen:
All employees will not put their badges and will tell that they are not ready anymore to be dolls in the hands of stupid, egocentric and self-oriented management chain, that taking care of their RSUs and their own promotions only. It will be interesting to see if this act of solidarity with fired people will take a place and how this impotent leadership chain will handle this situation.
And in this point it is not so clear if it is better to be fired from this sick organization or continue without any inspiration and motivation???
the layoffs will probably take place in short one to ones first thing tomorrow morning. Then all survivors will gather to hear how sad mgmt is but what a wonderful future we have (translate: pls pls dont run away)
what is IVP?
Mostly it might not impact people working on IVP. Some Director is trying very hard to save people working on IVP.
9:45 for others. 10:30 All Hands
Tomorrow at 10:30 AM
I heard it will be End of FY17. Around 100-150.