Chuck is not gonna wait till August to stem this financial bleeding. Head chopping will happen here and there till the ship stabilizes.
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85% red badges and bottom 5% performers blue badges are on the list. No H1B aka Indian will be affected by this layoff.
Cisco also said it would have a $300 million restructuring charge that would include severance and other costs, with $150 million recognized in the current quarter. A Cisco spokesman declined to give the number of job cuts. Cisco typically does smaller job cuts on a rolling basis, after years of one big summer layoff.
Glicks org and SP eng. will feel it.
Beat the EPS thru financial engineering, the revenue for Q2 2020 was down as compared to Q2 of 2019. If you are in engineering especially SP BU, prepare to cry.
What bleeding? We just beat the numbers.