Thread regarding Cisco Systems Inc. layoffs

Layoffs in Cisco's IOT group today (03/09/2017). Number of employees impacted unclear.. expected to be about 40% of the group

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Post ID: @OP+MdShCeL

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CSFP team in CMS (Services) also got impacted heavily

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Post ID: @4icp+MdShCeL

AWS/Azure/Goog don't control the private cloud. But Cisco can't come up with a solution that has traction to sell. AWS makes a huge partnership with vmware, and cisco sits on the sidelines and hopes that CSR1000v will be the $1B product...

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Post ID: @4dtk+MdShCeL

what is the compensation package they are offering ?

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Post ID: @4snw+MdShCeL

@3ljy - Sorry to hear about you & your team. I've been there. Good luck to you all.

@4ljo - Yeah, I had the same problem back in Aug. It's tough to tell the family that you may not be able to get all the "stuff" they want for Christmas or that you can't go see family. In my case, I found a job quickly enough to not impact the gift giving, but I now had no PTO and couldn't go see MY family thanks to the "Cisco family" elders. The ELT can take a long walk off a short pier, because they're not doing the company any favors the way things are going.

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Post ID: @4dge+MdShCeL

@41jo: no worries, IoT and cloud area have salaries close to 200k, update your linkedin and sit back and enjoy , and in no time, the recruiters will be calling you. Lots of openings, because employees are being lured out by so many companies.

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Post ID: @4ppt+MdShCeL

So I guess first cloud and now IoT are hot for the entire industry, except for Cisco. Maybe Chuck and Co think that IoT and Cloud are fads.

Or they know they can't compete. Amazon has the market for Cloud followed by MS Azure. It's hard to sell "cloud" when you won't use it yourself and do everything "on-premise". As to IoT, the only way to compete is to make stuff CHEAPLY and sell for more. Adding security to Internet connected devices is expensive and cuts down on margins. Cisco, like Apple, depends on high margins. Why get into a market where it takes a huge volume to make profits? As long as people are buying Internet connected devices, Cisco will sell networking gear, assuming they can deliver a better, higher quality product than their competitors. Oops. Better stop getting rid of experienced people and replacing them with Engineers who only know how to search the Internet for code and tweak it to suit their purpose instead of writing innovative code. Linksys used to be a great product until it got bought out by Cisco. My first box outlasted everyone of the "Cisco" branded ones.

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Post ID: @4jpg+MdShCeL

@3ljy, I just got my 1/1 a few minutes ago (cloud)... what is there to say now... i will have a difficult time sleeping... not because I expect to get the news tomorrow but I need to tell my wife and kids that we won't be having a summer vacation this year n cutbacks on everything n possibly moving out of the bay area leaving family behind...

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Post ID: @4ljo+MdShCeL

@3ljy. Sorry to hear that. Job market seems fairly good for IoT engineers so hopefully you will all find something quicjly

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Post ID: @4jci+MdShCeL

Sunday afternoon and I and 7 other engineers on my team (IoT) just got 1:1 invites. I found out about them b/c they all texted me this morning/afternoon. Gonna be a bad Monday.

So I guess first cloud and now IoT are hot for the entire industry, except for Cisco. Maybe Chuck and Co think that IoT and Cloud are fads.

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Post ID: @3ljy+MdShCeL

IoT layoffs not likely from Jasper but other teams. Healthcare IoT team in Advanced Services impacted heavily.

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Post ID: @1vho+MdShCeL

@1qix

Thanks for showing the truth

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Post ID: @1acy+MdShCeL

Impacted 115 people in San Jose (09/03/2017).

http://www.edd.ca.gov/jobs_and_training/warn/WARN-Report-for-7-1-2016-to-03-10-2017.pdf

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Post ID: @1qix+MdShCeL

CCBU - 15% LR'd this morning

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Post ID: @1rlb+MdShCeL

@1yig

So far yes. Rumor has it going to hit other places in 2-3 weeks.

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Post ID: @1znc+MdShCeL

Troll !! fake news !!

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Post ID: @1pgq+MdShCeL

@1vzh

Is only us that got impacted?

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Post ID: @1yig+MdShCeL

This can't be true. They are served with lunch everyday!

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Post ID: @1npu+MdShCeL

er I thought IOT was a hot area for investment...apparently not so anymore?

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Post ID: @1xsa+MdShCeL

1ksg, useless cisco employees...

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Post ID: @1dhn+MdShCeL

Do you know who were affected? Product Managers?

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Post ID: @1ksg+MdShCeL

I got friends(5) got impacted today. I left in Sept 16.

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Post ID: @1pey+MdShCeL

1:1 invites

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Post ID: @1rpd+MdShCeL

5-6 from SPVSS, USA.

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Post ID: @1vzh+MdShCeL

How was it announced? Mass scale email or 1:1 invites?

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Post ID: @1fwu+MdShCeL

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