Unfortunately, Cisco is focusing more and more on useless topics such as "diversity & inclusion" instead of shaping the organization efficiently for the future. There are too many useless manager positions, which a lot seem to be created only to... — read more
Get Used to 5K Layoffs Every Quarter
With sales in a free fall, get used to 5K+ layoffs every quarter because Chuck and his side kick Scott said they will manage expenses down as revenues continue to decline
Cisco's best days are gone years ago
We have become a joke in Silicon Valley. The executives get fatter (both financially and in their waist lines) driving the company into the ground. There does not seem to be any accountability for this kind of performance. Why is Chuck Robbins... — read more
Money goes to security and Cisco observability.
Cisco is a software company now. Hardware is just not profitable anymore
LR allocated fund $800 millions, 5% reduction equals to $200K each
Simple math, $800m / ~4000 = Approx $200K per LRed employee. You can easily break it down further with numbers of months in pay, and benefits etc. $800m allocation this time is larger than previous LR allocate of $600m. That means larger LR... — read more
So it’s gonna be roughly 4250 people
I just hope it will all be over soon. Good luck to all affected.
Chuckie Babbling On Earnings Call And Analysts Not Buying It
Chuck rambles on and on about what his team provided in forecasts and how those did not play out. Like he has no idea other than what he reads in my reports.
What security
Cisco sits at 3% growth while the real security players are CRUSHING it...
Executive Q&A Reaction Thread
Thoughts?
Don't forget about silent layoffs happing every week
They do not need to report silent layoffs happening every week. What about forcing people out on a PIP, also not counted as LR.
wall street apparently doesn't care about ARR/RPO
subscriptions up 5% y/y, ARR up 6%, RPO up 12% after-hours down ~5%, despite increased dividend of 3% why? because total revenue is down. investors only care about growth...
5% Reduction
https://www.cnbc.com/2024/02/14/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html
!!! Official earnings release thread. All discussions must take place in this thread. !!!
https://investor.cisco.com/news/news-details/2024/CISCO-REPORTS-SECOND-QUARTER-EARNINGS/default.aspx
Why is ELT is not transparent?
Employees were told by accepting the shutdown the week of July 4th would significantly help lower the number of those impacted. ELT never attached a number when feeding us that garbage. July 4th shutdown never was going to save any jobs. Shutdown... — read more
FB Page for help from Cisco Alumni
Bumping this up as this is a useful post, originally posted by @OP+1r11RYu1 My second visit to this site in last two days, probably after over a year as I left Cisco in 2022. Really sad at the state of things as several of my esteemed ex-colleagues... — read more
Placeholder for the Earning Announcement News
A few hours from the earning announcement. How much set aside for restructuring? What groups will be hit? When will the restructuring starts? Stock price after hours
Here's how you can get out of being an LR candidate.
Here's how you can get out of being an LR candidate. Put on some weight. Go on blood pressure medicine. Get your blood pressure under control. When you get PIP'd go off the blood pressure medicine. Go to the doctor and show them... — read more
PIP instead of Lay Off
Despite receiving the largest performance bonus on my team, my manager advocating for me to get a promotion and getting a “meeting expectations” TA two weeks prior, this Monday, my manager has done a complete 180 and “changed her mind”, giving me a... — read more
HQ moving to Atlanta??
Going to be announced on the earnings call. RIP SJC
I hope people come thru this OK
I hope everyone that has sacrificed for this company comes thru this latest round OK, whether they survive the cut, are able to leverage the severance to find a new job, and/or most importantly improve their mental health and quality of life. I also... — read more
I was laid off last year and I'm doing great
I know today's going to be a rough day for many people. I remember how it felt when I was shown the door. I felt physically sick throughout the entire day. It took me a while to stop feeling like a failure even though I knew it wasn't through my own... — read more
Bay Area tech giant Cisco to lay off thousands
https://www.sfchronicle.com/tech/article/cisco-layoffs-reorganization-18661881.php
LRs in Poland
Anyone here from Poland? How long does it take to be notified of being LRd once the announcement is made? I know we have different laws here. Thanks
Notified Day abt Being Laid Off is Legally Actual Last Day at Cisco?
Has anybody been invited to 1-on-1 and notified being laid off by your manager or director, yet? My question is the below: A: 1-on-1 about being laid off = Last Work Day that you need to work but Legally and Officially Last Day are to be set to the... — read more
Payoff
The idea around the generous payoff is that you accept it and just leave quietly with a generous sum of money rather than go legal, potentially winning, against what could be deemed discriminatory Cisco LR tactics bringing Cisco into disrepute. If... — read more
Email or 1:1
I’m new to this LR drama. Does this happen via email or 1:1 tomorrow? Lots of speculations and would be great if someone shed some light on the process. #worried2kkid@cisco
Chucks Time To Go
Chuck is great at numbers and explaining earnings. He is not good at leading by creating enthusiasm, and his either became distracted or is unsure of how to drive real innovation. Cisco is stuck, and acquisitions end up adding very little value or... — read more
**Young Folks/Adults** - Just my .02 cents concerning Cisco LR's
Folks.. as a 17 year Cisconian. I have been thru 12 LR's and was affected by 6. In those 6 layoffs, the 1st one was tough. The next ones, I grew stronger (mentally, physically, etc.) **I will watch what I say, as I don't want to get sued... — read more
Stealth or Announced Layoff?
Will this be one of those stealth layoff where the people being cut will get their 1:1, told not have to work any more and then all of the survivors get a meeting invite to talk about how sad it was for out fallen colleague? Or the more transparent... — read more
So what have we learned?
This website is poison and is a poor man's Facebook and Nextdoor. And that's not saying much because those other sites are terrible. Regardless of what happens tomorrow, I'm done with this cesspool of a site. Cisco's not perfect, but neither is... — read more
1:1 hate it!
I have a 1:1 with my manager right after the earnings call 2/14 1.30 pm. Do I need to be worried???????
Layoffs cuts… where & how much?
Web chatter… “Confirmed that Cisco IT, Sales, and CX/ONEx are being impacted. 30% of IT alone.” (Fishbowl)
Super Bowl Shuffle?
Was this done deliberately after the super bowl? Paramount is laying off 800 right now too. Is this due to AI? Were we just replaced by AI? UPS is cutting 12,000 jobs in 2024. Market is looking tough out there... — read more
For AppD what does layoff look like?
Will AppD get deprecated tomorrow & in June (layoffs) to onboard Splunk’s 8k employees?