Gosh, saw the announcement and figured to check this board today. Lots of activity; good luck folks. Getting LR'd can be the best thing that happens to you. Trust that whatever happens, you can't do much about it. Move on. Getting the boot... — read more 

Or simply because the fiscal 2025 guidance suggests a return to growth? Does anyone really believe it? With 7% headcount reduction and CPF ~ 61%, who do they try to fool?

I was on vacation and found out that I will be on vacation forever !! now trying to cope with it... Are there any big names or always the folks at lower rung end up paying the price.

no direct mention during ER, which bucket these fit in? Any cuts?

4000 vs 6000 now. Simple strategy - Fire US people, hire cheaper Indian labor - rinse and repeat, and hope to impress wall street ;-)

With evidence…

What a bunch of a--holes...We have mortgages

is BoD completely in his pocket? Stock performance is horrible...Only enriching the ELT. 2 layoffs a year while ELT does a circlej--k

And now we get to enjoy another big LR which will be conducted without strategy, without a single thought about efficiency, with many competent people losing livelihoods while Cisco will not come out better for it. I’m a silly optimist, always hoping... — read more 

Check out the video and article. https://finance.yahoo.com/video/cisco-systems-not-true-ai-205224291.html Some folks see right through the AI hype at Cisco. Chuck was embarrassing answering the AI questions and admitting that NVIDIA announcement... — read more 

even though Cisco keep doing layoffs every quarter people like to stay n crib. But don’t like to resign or search outside with various reasons like bad market conditions, skills need to be upgraded, have some dependency on visa.. etc., I’ve been... — read more 

Chuck and Scott sounded ridiculous trying to justify layoffs when they are firing 15,000 higher cost US based employees and replacing them with 7,000 low cost India employees for net layoff of 8,000 and $1B is savings

... part of the workforce will be moved to lower cost locations" Who are they fooling?

From today's Earnings Call, Scott's (Chuck's bïtch): "[layoffs] is not about cost savings; so the answer is yes, it's embedded in the [next fiscal year] Guidance; but it's much more about finding efficiencies across the Company, so that we can pivot... — read more 

I get why the shift to new tech areas might require an LR for engineers with very, very specific skills that don’t align to the new tech area- sort of. But if their claim was true, sales and marketing people should be able to adjust from one tech... — read more 

It seems Cisco likes to report and predict non-GAAP figures rather than GAAP. Could it be because restructuring costs must be included in GAAP, but not in non-GAAP?

How about you cut all the fun travel and free spending in Paris and Colorado white rafting trips. Cisco needs to stop the constant overspending and trying to balance it with people cuts! When will Cisco learn?

Quarter after quarter… folks, this is business 101 how you run a company into the ground. Sell!

When will be notifications be out?

It is official.

1 billion allocated for severance. do the math. no this isn’t an Austin Powers meme

https://www.reuters.com/technology/cisco-announces-new-restructuring-plan-2024-08-14/

_On August 14, 2024, Cisco announced a restructuring plan to allow it to invest in key growth opportunities and drive more efficiencies in its business. In connection with this restructuring plan, Cisco currently estimates that it will recognize... — read more 

Cisco announced a restructuring plan to allow it to invest in key growth opportunities and drive more efficiencies in its business. In connection with this restructuring plan, Cisco currently estimates that it will recognize pre-tax charges of up to... — read more 

Hahah ELT is losing it for sure

Title says it all. I'm sorry for those who will be impacted.

Thanks for making Cisco's networking biz tank 27% before you got shown the door! You will most definitely NOT be missed :D

Wonder if executive assistants will be included?

Too long shielded and not integrated Your culture was amazing We will miss you Godspeed friends

I don't remember the last time I was stressing this much. I'm guessing it'll be a sleepless night tonight for at least some of us.

Chucky boy sold over 20k shares of stock...what does he know???

Have you found your next job yet? It’s been about 6 months now and I couldn’t get any job yet and I am still searching

For those on this round’s LR list, does finding another role outside of Cisco before the 60 days impact severance at all?

You will get your 1:1 email....some (decent) managers will do it in the prescribed timeframe. Those who (su-k) like mine did in Feb. sent it so late I thought I was safe. I'd only talked to the clown 3x in 1.5 yrs, so why should I have been... — read more 

Collaboration should be safe, I hope?

Read this in Fran's tone "Team, we know how this [news] is hard to some of you but as you know at Cisco we're a family... {proceeds to smile}"