Thread regarding Cisco Systems Inc. layoffs

Nov 12 or Dec 2?

Rumor mills going around the water cooler that another big LR is on the way.
Date is one of those 2. What are you folks hearing?
The Feds will increase corporate taxes, no more stock buybacks.
And Obama care rates are going up again

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Post ID: @OP+17QfIuHw

7 replies (most recent on top)

no layoff was announced. we are safe till dec 2. if nothing happens on dec 2, then we will be safe till mid Feb.

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Post ID: @4eos+17QfIuHw
nov 12 cisco earnings release date. cisco never announce layoffs on release day since Teflon John's heydays.

Uh, yes, Cisco does. The year-end earnings call for FY16 announced one of Cisco's largest LR's. Impacted employees were notified the next day. I know this because my manager told our team to listen to the earnings call and I heard CR mention the lay offs. An hour later, I get a meeting invite from my manager for first thing the next morning where I was told I was being let go.

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Post ID: @3apo+17QfIuHw

tomorrow is the day.

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Post ID: @2ygz+17QfIuHw

nov 12 cisco earnings release date. cisco never announce layoffs on release day since Teflon John's heydays.

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Post ID: @1ykt+17QfIuHw

There is no more "water cooler" now that we all have to work from home.

What is Nov 12th other than a date you pulled out of your a– to generate comments? Dec 2nd was announced back in mid-Aug as the date Phase 2 would notify people if they were being let go by not securing a new role if they opted to stay in place and look when they were notified in Phase 1 that they were "at-risk".

President-elect Biden's chances to undo Trump's corporate tax breaks will depend on control of the senate and how much negotiation they have to do to get anything through a potentially still Republican controlled senate. This really doesn't have anything to do with Cisco LR's, but again is a way to stir up comments.

Healthcare rates always seem to go up. Doesn't really matter WHO is controlling our government. Neither party really wants to "fix" what's broken with our healthcare system, which is that it's run as a pseudo monopoly. Healthcare providers set high rates, negotiate better discounts with insurance providers based on the number of people in the plan. Again, this really doesn't have anything to do with Cisco LR's, but again is a way to stir up comments.

Come up with some real topic to discuss.

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Post ID: @1nvd+17QfIuHw

dec 2nd is the date.

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Post ID: @1xlp+17QfIuHw

chopping will happen on both days, but on a smaller scale, the package will be 3 months, plus 3 months of cobra.

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Post ID: @jnd+17QfIuHw

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