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Prepare for the Worst

Will Cisco engage in another round of layoffs? yes. 100%
Will Cisco LRs happen next week? in November on the Q1 earnings call? in February on the Q2 earnings call? in May for Q3 or August for Q4/FY ? yes, probably.

Is Cisco bad? no. Cisco us a soulless entity (a corporation) that exists to enrich it's owners (shareholders). Some of the people who lead Cisco may be 'bad' but that is a value judgement.

You, the employee, have a choice to make. You can work and consume based on yesterday's economy or you can make some changes now.

You WILL get laid off and the economy, hiring environment and future looks bleak. These are facts and why you and your colleagues are feeling hyper stressed right now. IT feels unnatural. It feels different.

In the past a looming LR was a bad feeling, now its panic.

Use that panic to do something.

There are essentially two levers that you have control of, Your personal investing and your personal spending.

one the spending side the alarm klaxon should be wailing right now. start with the big rocks, for maost of you these are housing, transportation, healthcare, debt servicing ann education. For some of you it's bourbon, handbags or gadgetry.
This is not a "Latte Factor" discussion, saving $4 a day will not cut it.
Go hard. Be relentless. Sell your luxury car (while you can) and buy a reliable one. no one cares.
Trade down to a smaller, more affordable house in a nice neighborhood.
Review all of you insurance and healthcare needs and find ways to reduce expenditures.

on the investing side, build a cash reserve equal to 6 moths of expenses (at a minimum) Money Markets still earn close to 4% which is a great return for short term investments.

while you are doing that make sure you are investing enough into your 401K to get the company match (I don't work for Cisco but assume 4-5%) once you have your 6 months of expenses, max your 401k.

One benefit this gives you is that it helps you to remain tied to your ethical anchor. your principles and values matter. Financial stress creates ethical dilemmas. Financial Independence allows you to avoid many of those.

Cisco doesn't care about you because Cisco can't care about you. Some people at Cisco are good, some are bad. Embrace the good, reject the bad and stay true to yourself.


Blame the government along with ExxonMobil

Let’s not let the government off the hook as they are enabling ExxonMobil and others. They had no problem letting blue collar jobs off shore for cheap products that are “reduced carbon emission” which is a joke in itself. And then letting wages be undercut by illegals given free access across the border.

Now high paying high skill jobs are being worked remote along with rotating “temporary” jobs under L1 visa which are in fact a permanent displacement of a full time person.

The government not only doesn’t care but don’t understand the magnitude and impact of all this and without a drastic shift in policy, it’s going to be very hard to put the genie sick in the bottle.


Small RIF after Q1

On Monday there was a small RIF on some of the staff. Not large numbers but a shakeup in most functions at Mercury. This is directly after Q1 just ended. The only news that came from the execs. was an email about the Fremont shutting down and 'strategic' changes. You'd think with the company finally making money and getting wall street confidence there could be just 1 quarter that didn't have layoffs.


More Rifs coming in December

It looks like more people will be let go in December. High-cost countries will be affected, but also Serbia and India. Serbia is usually left out (minimum impact) of the RIFs, as there is a huge turnover there, and Service Desks are decimated. Serbia is raising its minimum wage by January so entry-level jobs will be in the same range.


Equipment return

Need some help. I was part of the RIF earlier this month. Given WARN, my last day is Nov 3. However, I got the equipment return box this week. Am I supposed to return the equipment now (within 5 days) or wait until Nov 3rd ? I have no use for the laptop but since I am still on the payroll (albeit garden leave) until Nov3 , I wasn’t sure if I should return things now.


When you think you're safe from a RIF - you are not.

The past year I've been settled in cruising, super productive, high touch customer engagement activities that were directly tied to a revenue stream, 5 rating all around, visibility up to my VP. The thought of a RIF was the absolute further thing from my mind. And guess what, I got that 15 minute appointment scheduled in my calendar a few Monday's back, and it all ended. So for everyone left at Oracle thinking you're untouchable because of what you do, think twice. You/we really are just a number and when your time is up, someone up high will punch your ticket and you'll get that tap on the shoulder from your manager.


Submitting Applications Elsewhere

I can't afford to just up and quit in this economy, but I've started mass-applying for positions at various other companies that will truthfully probably pay better than what I make at HCSC anyways.

This RIF has been the catalyst I needed to get the f--k out of here.


Trump/Washington causing rifs

I was told that the margins in the insurance business is getting smaller because of "Washington". that is the major reason of the rif. Thoughts and opinions? I leans towards this is not truthful. this is what the managers were told to tell the rank and file. the real reason is imho bad decisions from c-suite.


Any updates on HCSC layoffs today ? (09/25)

“Hi everyone,
I heard there may have been some layoffs today (09/25) at HCSC/BCBS. Can anyone confirm if staff reductions actually happened and, if so, which departments or levels were affected? Just trying to get clarity and hear from those who may have direct knowledge. Thanks.”


More ETX layoffs and offshoring?

I heard there’s going to be more major layoffs in ETX before year end or in January. Rumor is they’re bringing in Salesforce, Microsoft and AWS consultants to do all new work and then offshore teams and managers will support after that. Apparently they want 90% offshore by end of 2026 and are already at 75%