Hi, Folks
could you share your observation on the percentage of qualified employees accepted the ER offer?
Around me, I can see roughly 50% folks accepting the ER offer. Most of them from the family with double incomes. the medical insurance is not a problem for the time being. And most of them stayed in their level for a long time. It could have some impact to the on going projects.
Not sure if the company is willing to reject some of their applications.
2100 ER, 30%
890 RWW
perhaps 7000 will be impacted in next LR to consume the total 900M LR fund
648 take ER, 5522 did not
Not enough are taking it. It goings be a blood baths!
Yeah, this is just situation normal in tech ever since the start, certainly since the 70’s. What has changed is that the latest crop of people coming into it seem to have a work ethic better aligned with unionized govt employee.
I’m taking the ER FOR ME, not for the self important cry babies begging me to leave.
Get used to it - life in high tech has a lot of risks. That’s why the pay is ridiculously high in Silicon Valley compared to the “real world”.
I’ve been dealing with it for 40 years - adapting, learning new tech, maintaining a flexible attitude. And most important realizing this was the career environment I chose and to have taken responsibility for that choice.
Begging others to give up their job so you can “feel safe”. Pathetic losers all of you.....
I'd place $20 on 25% take rate for this one.
I can see some young folks hope those senior engineer to take the ER package and leave. so that they can be saved in the following LR. I feel sorry for the company.
The company has been working so hard and so long to provide the working opportunities to those so called new blood. However, most of junior engineers in Cisco are not competitive as the company expected. As far as I can see, all most all the urgent escalation cases have been handled by senior developers. no hope to see new ideas from the new generation engineers. the new grads over average will leave the company after two or three after being trained in the company.
very sad!
please just take the packet and move on,.. now more of us will be impacted ..
you guys are really scaring us.. if you don;t leave, now all of us will be impacted.. please just move on and move out..
Post from TheLayoff.com
Question: who is doing all the work after all these senior people leave?
My team has 4 out of 8 team members taking the ER package. I am one of them.
1 out of 3 on my team is taking ER
25% has to be well below expectations. C and team must be disappointed as the consultants probably told them to expect 75+%
About 25% of those eligible people that I know have accepted. Admittedly a small sample but very geographically dispersed across USA and Canada.
About 25% of those eligible people that I know have accepted. Admittedly a small sample but very geographically dispersed across USA and Canada.
spoke with DE community members of mine and it appears to be 35~40%
guessing ELT expected better than 60%. this has to be a disappointment and a substantially bigger LR is likely.
spoke with DE community members of mine and it appears to be 35~40%
90% of those I know are taking it
To the last poster, your manager has given great advice.
This is my third ER offer and I have finally reached the point financially and age that I can take it and move on to the next phase of my life.
I’m probably to old to get another high tech job and frankly am ready to leave this high stress work environment.
Cisco is giving me a bridge to this next phase and helping me move on to my other passion. Hopefully will work at great local nursery- a low stress, happy and carefree life.
someone said that the company wont reject the ER applications at the most cases, because the company does not take any responsibility against the individual intention.
I am eligible for ER. at the beginning I was considering to accept the offer, although I still want to stay in company for a few more years. it is a little b–challenge for me to make the decision because I am just over 50 a few years. it is still too early for me to retire. In the same time, it is too old to find another DE job. I am worried about being hit in the October LR without taking the ER. But my manager told me that the company most likely to allow every applicant to take the ER. He told not to accept unless you are really willing to retire.
I have data from roughly 25 colleagues of which 8 are retiring
From the eligible dozen or so who i spoke less than 25% are opt in