Disappointed that no layoffs are happening that I know of, (want it to happen to me) now I actually have to get some work done.
Stock down 4.1% on opening.
Time to sell guys. This time next year you'll be lucky if it's worth $25 a share after 11 quarters of decline. Unless you reckon they will turn it around. Haha
Collab business down again.
Collaboration fell another 3%. How much longer can this last before? I can understand why routers and switching are falling but Collab appears to be a leadership issue and backing the wrong products. Spark board anybody?
Viptela
I'm one of the Viptela members acquired by CSCO. It does not look good here at CSCO. Looking to jump ship as soon as my bonus from Viptela is paid at the end of September.
Cisco's Security Business Did Not Deliver
Cisco's quarterly revenue in its closely-watched security business missed analysts' estimates, raising concerns about the world's largest networking gear maker's efforts to transform into a software-focused company. The company's shares fell about... — read more
So, if I give my resignation next week, will I still get a bonus?
I have a job all lined up (was hoping to get LR'd today, alas I did not plan as well as I thought). I am going to give the courtesy 2 weeks, I am not leaving to a competitor, I am leaving for a higher position with my skill set. Can I expect a bonus... — read more
7 Quarters of decline
That's 7! One more and it will amount to 2 years of continual decline. Switching and routing fell by 9%! Next quarter that figure will hit double digits! Let's face the facts guys, Cisco is going through a slow and painful death. The only way profits... — read more
No LR = no package
Welcome to the new world. The Teamspace world. Everyone checked-in yet on TS? You better be. We started new era - era of no big and loud LRs, but small, silent, package-less terminations, justified by the meaningless statements like "doesn't fit the... — read more
Interesting footnote . . .
A footnote to the table "GAAP TO NON-GAAP BUSINESS OUTLOOK FOR Q1 FY 2018": "In August 2016, we began taking action under a restructuring plan in order to reinvest in our key priority areas in which up to 6,600 employees would be impacted, with... — read more
Why no LR announced?
Despite weaker results and cut in bonuses, why no LR announcement?
12 Fundamental Observations About Cisco Today
There is no long term strategy. Sometimes there is some vague long-term vision. e.g., we're going to be a SW company. But changing that to a strategy is anathema. Leaders are afraid to lead. Even most first line managers are afraid to make a... — read more
EoY Bonus Canceled
My manager told me that she isn't giving out a bonus and she couldn't talk about it. Has anyone heard otherwise?
3 posts just got axed
Anyone know why the topics about upcoming layoffs and no bonuses were deleted?
Watching Office Space while I wait for my 1:1 Invite.
What has everyone else been doing? and have you got your 1:1 invite yet?
2000 people already received notices
2000 people are already culled silently and more to follow after Quarterly results. Its a bloodbath in waiting. Keep your resumes ready.
Questions for Analyst
If any analysts are reading this and will be submitting questions for today's call, here are some insider questions to ask. Software annuity. Q. What percentage of your customers that have bought you're software model, realise this is what they've... — read more
LR Package details?
Anyone?
Two sides
I work for an unsexy BU. We have slightly declining revenues, but on a high level. Development is in full swing and I feel save. The longer I stay the more obsolete my resume will look. Anyone interested in a C coder? On the opposite, there are a lot... — read more
IVP
IVP is not a good product... My opinion: IVP is a bloated lift and shift mess. It could still become a good product, but it would require architects that actually understand cloud component development, a complete change in culture, and a lot less... — read more
How will Cisco do?
Here's hoping that 16th brings good news. With all the layoffs rumors, it would be nice to get some good news and be able to relax at least a little bit. Not that I thing good results will mean no layoffs, I am just hoping they will either reduce or... — read more
Silent layoffs have started
It's just sad. Can confirm silent layoffs are going on in SJC from my viewpoint. Red badges are now almost entirely gone from the group and there's only a little over a handful of blue badges remaining. We were overflowing our floor a little over a... — read more
Don't cry
A massive cut is planned starting after the Earnings Release call on 8/16/2017. According to multiple anonymous sources, all departments and functions will be impacted. Upper and middle management will be whacked as is the individual foot soldiers... — read more
UK
When will the list come out this time?
What Cisco does best is outsource. What Cisco does worst is outsource. Why stop now?
There are three groups of people at Cisco. 1.) Upper management, with what looks like no vision except to repeat the mantra that cutting costs means hiring twenty H1B workers per manager. (Ref: see the org chart published by B. Reese a few years... — read more
What the ...?
!/usr/bin/environment downhill try { if { UPPER_MANAGEMENT == NO_CLUE; largePercentEmployees == H1B_workers } then { ManagersConcern < customerCareAndProfessionalism; } else { gettingMoreKickbackFromRecruiters(); catch { void... — read more
LRs instead of PIPs
Cisco used to look towards improving employees that were under performing. Now it's easier to just lay them off rather than put them on PIP. Ever notice that VPs aren't LRd or PIPd? They're just moved to a new group and they get to keep their $300k+... — read more
Do first line managers already know who willl be LRed next week?
My manager acted very strange on Friday. He avoided looking and talking at me and one more guy in our team. He was visibly distressed. He's a relatively new to management, and is generally OK guy, who so far treated as fair. So I wonder - can it be... — read more
Cisco will report Q4 results less than 10 Billion USD
Usually Cisco quarterly revenue hovers around 12 Billion USD but last few quarters has lost lot of market shares to rivals means we have going to generate less revenue. Talk in the street is Cisco will generate Revenue less than 10 Billion USD means... — read more
what is the future of engineers in TAC ?
what is the future of engineers in TAC ?
How does grade changes work?
Is it solely upon my immediate manager to decide? Or does it involve director? other managers under my director? Do salary hikes follow same process like grades?
The burutal truth
Some products are not selling. Other products become obsolete after some time. New products come to being. They require new techniques and different skill sets. A company trying to survive in the IT world needs to lay off teams and re-invent itself... — read more
Cisco monthly stealth LO continues...
Only 9 in SJ... http://www.edd.ca.gov/jobs_and_training/warn/WARN_Report_for_7-1-2017_to_08-10-2017.pdf
All layoffs will henceforth cease until later this year.
Fact is, there will be zero redundancies as that would create undo stress for those impacted and those left behind. At present, The Cisco Response Appropriately & Passionately team (aka CRAP, a cross-functional team spanning HR, Workplace Resources... — read more
D-Day 16th August.
I hope everyone has a backup plan in place. Layoffs will be announced on 16th August on the earnings call. 7k is the rumour.
Historical Year End Bonus percentages.
There's a lot of talk here about getting "zero bonus" this year. Does anyone have a list of say the last 5 years of the year end bonus that was paid out?
Its official, my whole team is LRed.
Hey Guys After 16 years of below average career in Cisco, today VP informed in meeting that whole team is getting LR ed. Worked mostly in Telecom domain for all these years, I am out of Job staring at Mortgage, Kids and myself in mirror. I did all... — read more
Building remodeling?
Anybody know why Cisco spent millions on remodeling the buildings yet forgot to remodel the restrooms?