Demand for knowledgeable engineers and people with great skillset is always high, but in this period, hiring is extremely slow. Laying off employees right before holidays - did it really have to be like that? If the timing was a little better, if... — read more 

It would have been so much easier to deal with this while the job market was on fire. Whoever is laid off now will be lucky to find a job within six months, at least! I don't care how good the severance is, at some point, it'll run out. And if I... — read more 

This would save those of us working only for Cisco a trip to the unemployment office Amazing to me that Fran ignores what everyone already knows about this behavior

Can someone share? I believe in the past you got 1 extra week for every year of service over 10 and 2 weeks for every year over 20 years if service. So 21 years would be 12 additional weeks, for example. On stock acceleration they mentioned is it... — read more 

A leader who leads by example positions himself as a credible person who deserves to be respected and trusted. I now expect Chuck to lay off one ELT member as well. Who do you propose?

The company needs to shed a lot of weight. They should lay off ineffective first- and middle-line managers, incompetent ELT members, overpaid and overcompensated leaders, and useless organizations. Their sales force is a joke too. I miss the times... — read more 

Cisco CEO Chuck Robbins plans to commit an additional $1 billion over the next year in an effort to increase salaries and retain workers, The Information reported on Friday. Robbins made the pledge during a meeting with managers earlier this month... — read more 

https://www.bizjournals.com/sanjose/news/2022/11/16/cisco-announces-600m-restructuring-layoffs.html?fbclid=IwAR209j8xcoGJudUP1xESXxkPU04FXBSjMpS8Op3GhoZkDRxYs9B-lf0TPfk&mibextid=Zxz2cZ

Obviously this is just an attempt to get rid of boomers and many GenX. It will be heavily skewed towards older workers. While the severance package initially appears to be generous consider that if you are over 50 you are going to have a tough... — read more 

Did MM mention updates on headcount reduction in OneX/CPX?

I am thinking about that $600M number. How much does it cost to lay off ONE employee? Is it close to $100K (in that case we are looking at 6K layoffs)?

It does not cost them that much, why are they changing this now. Just curious...

Did Maria confirm? I left in 2022, the grass is greener - do not fear LRs. Good luck guys!

Let's be honest. The award for being one of the best companies to work for is a pay for award, based on Made up sh-t on an application..by Fran. Majority of BU are sucking wind and paying way too many executives with way too many Chiefs of Staff and... — read more 

Just curious

Just saying. Stop posting Meraki posts, you'll be just fine.

For new folks here, there is a large "ACTIVE" button right above the first thread... you can use it to see what posts had recent replies. That's all from me. Anyhow, I hope this helps someone. Good luck all....

Source Below (Channel Futures / Networking) "What we're doing is right-sizing certain businesses," CEO Chuck Robbins told investors. Cisco Systems‘ plans for a restructuring cast a shadow on the strong gains the company reported in cybersecurity... — read more 

Who's the CTO? Where are the engineers/builders/scientists in the ELT? Shouldn't they be equally represented?

Is our ELT so mediocre that they fail to realize LRs are a direct consequence of their incompetence? Or are they all just hypocrites?

This is what the checkin title should have been. AppD - failure, Security - bad shape, WebEx - lost to MS Teams and Zoom, Cat9K/DNAC - Rampant product quality/code quality issues, Compute - Losing to Cloud, DCN? Meh, FSO? Not even a real product... — read more 

Are they planning to change Severance rules?

Ho Ho Ho

Management affects how effective and progressive the workplace is. If managers pick employees towards whom they feel some kind of animosity to be cut, instead of those who do not add any value to the company, then it is not at all surprising that... — read more 

The script for today's checkin ELT discussed the 5% LR that was shared on the Earnings Call. Per ELT, it is not about cost-cutting or performance management, rather rebalancing the business. Impacted employees will be notified beginning December... — read more 

Can 600M be convered into 4000 laid off employees? That gives me $150K per laid off employee, is this reasonable?

Our layoffs seem to have been dwarfed by Amazon's in the news. There is one article to every five that mention Amazon. Even in articles that focus on Cisco layoffs, Amazon is mentioned. I guess we're not that interesting anymore, now that the big... — read more 

CR will say anything to keep the share price and his money safe... Your job and your family's livelihood right before the holidays?? Expendable!

Will the layoffs be announced in the checkin?

A week? Two? Even longer?

The Talent Movement initiative is a farce. You can look at new areas but the pay scale is basically entry level so anyone with experience that has rewarded them with Grade 11 or higher pay will already be priced too high for the roles that are... — read more 

All of you affected who are 50 +consult an attorney and get those lawsuits filed. Age discrimination is real and many lawsuits are extremely successful. Cisco has a pattern. Don't take the severance and collect unemployment and file suit. The... — read more 

I've seen the number go anywhere from 8k to 19k in various posts. I'm not sure if any of the mentioned numbers have any official bases or if they are just a result of people guessing based on the amount set aside for the restructuring. It would be... — read more 

https://www.cnbc.com/2022/11/16/fresh-off-earnings-beat-cisco-ceo-sees-a-lot-of-opportunity-right-now.html

Cisco is Fortune's number one company to work for. I wonder how laying off thousands of employees a few weeks before holidays fits into that narrative (which most of us know is artificially manufactured anyway). I'm sure the leadership will find a... — read more 

Club Cisco (Chairman's Club) next week.. Is it time to celebrate the upcoming LR? Any impacted CC winners will go?!!I

The growth in Billing revenues are simply because of old backlog from last year. However, the booking in Q1 are catastrophic: USA - down 10% EMEA - down 23% APJC - down 10% Overall down 14%. !!!! Look at slide... — read more 

Does anyone have details on how this works for any employees impacted in the layoffs? Would all of your unvested stock vest as part of the severance package or just a percentage?