Good luck everybody, I am off to take a timeout and shall re-emerge refreshed elsewhere.

I understand people are bitter when the LR hits them and they are convinced it should be someone else. So OK I learned I will be impacted. I hold no animosity against Cisco or the executive team. They are trying to do right by employees with decent packages. Admit it.

It is a very rough time in the industry, and if you're surprised you didn't listen nor did you do research. The executive team is trying to balance things between a meltdown and survival and applying some benchmarks.

Yes I was pulling over 200k a year. It will be hard but not even close to impossible to make the same or more elsewhere. If anything it was my fault for allowing myself to be pigeonholed is similar roles for 5 years. It was easy and comfortable. And boring

I don't think Cisco is evil. It is facing an existential situation, and setting out people on lifeboats. If anything they could be more aggressive and heartless. They aren't. Yet.

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How much is the package this time ? 5 months pay ?

The cushy days of tech are over. I think one needs to think of ones tech career as a professional athlete. You better save in the first 15 years. Prospects are bleak after that.

I'm right there with you. I was part of this "limited restructuring" (which I refuse to abbreviate), and got the package. I was in denial for a while leading up to this, but over the last week heard more and more rumors about this coming. So I was not surprised when the call was scheduled with me. I was a little surprised that the package was as good as it is - I was expecting far less.

I felt the same when I was let go last year, although I didn't make anywhere close to $200K that you made. I only blamed myself for allowing others (Cisco) to control my liveiihood. That's why I was able to laugh and joked with my manager when I handed him my badge before walking out the door for the last time. I'm now self-employed, having a positive cash flow that I can live on, and happy because I'm now in full control of my future. I hope nothing but the best for Cisco because I still have all of my ESPP stocks accumulated over 20 years of employment there.

Thread regarding Cisco Systems Inc. layoffs

Good luck everybody, I am off to take a timeout and shall re-emerge refreshed elsewhere.

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