Thread regarding Cisco Systems Inc. layoffs

Mid year Bonus (Q2 FY20) eligibility and pay out

Is there any chance, I can get my mid-year bonus since I left Cisco just 3 days before the Q2 FY20 earning date which is Feb 14th 2020?

HR says my eligibility to get mid-year bonus is only if I am employed on the day of earning not just employed on last date of Q2 FY20 which is Jan 25th.

There was nothing like that reflected in the CEC site when I looked back in Jan before resigning but it is there now as per Cisco HR. Honestly, I did not get any pointers or guidance from my manager or HR or the recruiter I knew though I pinged them multiple times. Unfortunately, I do not have any written proof since all the communication was done via WebEX and Cisco email.

What are my chances to fight this out from outside since Cisco HR denied my eligibility by saying I was not employed on the day of earning. Thank you.

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Post ID: @OP+14YJyNIN

3 replies (most recent on top)

Move on.

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Post ID: @7exk+14YJyNIN

Why would you want to fight it? The mid-year bonus was cut in half, so that's 25% of the max you could potentially earn if you received a full year-end bonus. Since most people's bonuses are 10-15% of their base pay, and then you're talking 25% of that, it's not a lot of money to fight for.

Unless you're making $200K w/ a 15% bonus which equals a $30K total bonus, 25% of that is $7,500.00. Do you really think you can beat Cisco through arbitration which is what you agreed to when you were hired? And do you think you can force Cisco to allow you to sue instead of arbitration for less than $7,500? You'll eat up most or more of your bonus trying to get it.

You stated:

There was nothing like that reflected in the CEC site when I looked back in Jan before resigning but it is there now as per Cisco HR. Honestly, I did not get any pointers or guidance from my manager or HR or the recruiter I knew though I pinged them multiple times. Unfortunately, I do not have any written proof since all the communication was done via WebEX and Cisco email.

How hard did you look? I did a simple search and found this for FY18 in under a minute. If that was the policy back then, and they're saying it is the policy now, odds are it's been the policy all along. Obviously your manager, HR & the recruiter you knew were stonewalling you hoping you'd resign before you were eligible rather than directly telling you to wait so you'd be eligible. You didn't state that anyone lied to you, but rather that they just didn't tell you.

Mid-Year Bonus Eligibility

• Employees on a P&LI bonus plan in grades 12 and below
• Hired on or before the first working day of Q2
• Employed through the date of the Q2 Earnings Release
• Employees not currently on a Performance Improvement Plan (PIP)

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Post ID: @lss+14YJyNIN

I think you just need to move on. I don't even think you would have received it had you been there at earnings. I know of many who have waited until they actually receive the year end bonus in late Sept. Until you actually get the bonus, things could change. Easy to envision the vindictive mgr reallocating percentages after deadlines pass. I'm sure there are exceptions for a variety of scenarios.

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Post ID: @wtk+14YJyNIN

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