Thread regarding Cisco Systems Inc. layoffs

Bye Bye

just received my offer and immediately clicked accept
have four job offers waiting for me
4 bonuses worth of ER money

by
| 3978 views | | 11 replies (last ) | Reply
Post ID: @OP+16v002mA

11 replies (most recent on top)

If you don't take this ER package, your next stop will be option 2 (a 20% pay cut). Then once you've been on option 2 for a few weeks, Cisco will roll out the LR red carpet for you. At this point your LR package will be based off your option 2 wages.
This tune will be stuck in your head for 2 weeks:
Mama Mia, What Did I Do
Mama Mia, What Did I Do
Mama Mia, What Did I Do

by
| | Reply
Post ID: @1oqi+16v002mA

Congrats Kelly.

by
| | Reply
Post ID: @1hel+16v002mA

I think Cisco HR is trolling this site to make us think this package is positive.

by
| | Reply
Post ID: @1zmi+16v002mA

If you take this package it’s because you already had one foot out the door. It’s not a good package to give up a career. If so that’s great. I don’t know if anyone I’ve spoken to whose taken it.

by
| | Reply
Post ID: @1txy+16v002mA

"Question: was there any RSU acceleration?"

The RSU acceleration is up to Feb 2021, at least for me. So that's a loss. It's easy to overlook that fine point. I was counting on RSU to offset the less than optimal COBRA $$. But they're cheating you out of RSUs and expiring them.

by
| | Reply
Post ID: @1spt+16v002mA

You are simply id–tic not to take the package if you are eligible.

by
| | Reply
Post ID: @1yea+16v002mA

good luck steve
You earned it

by
| | Reply
Post ID: @cqo+16v002mA

Congrats and good luck to you! Question: was there any RSU acceleration?

by
| | Reply
Post ID: @hat+16v002mA

Best of Luck to You All!

by
| | Reply
Post ID: @mvt+16v002mA

I did the same and I know in Oct higher grades will be targeted based on seniority and grade level. Can not risk it.

by
| | Reply
Post ID: @yok+16v002mA

Sweetness, big congrats and good luck to you.

by
| | Reply
Post ID: @rgo+16v002mA

Post a reply

: