Thread regarding Cisco Systems Inc. layoffs

My sad history with Cisco

I first became aware of Cisco around 1991 by doing some testing that involved the Cisco AGS+. Around 1999 I worked for a company that was a Cisco partner in the development of NMS platforms. I believe at some point that year Cisco was the most valuable company in the world. Most of the next 20 years I worked at Cisco as a contractor or as an employee. In the early 2000s I remember how excited I was about the prospect of working at an innovative, cutting-edge company in a relatively new and developing technology. Chambers was running the show at that time and I don't recall any concern about layoffs, as there was routinely at IBM and Nortel. Now, and for several recent years, layoffs are an annual threat at Cisco.

The drive for innovation, cutting-edge technology, and customer service has been replaced by cutting costs, transitioning to H-1Bs, ELT bonuses, and social justice warrioring. One of my last memories of Cisco is Chuck crying on a company wide meeting over the unsubstantiated, media-driven "social injustice" narrative. A pathetic display for the CEO of the world's largest networking technology company and unrelated to a company making networking HW & SW. I took the ER last month and I'm glad I did. I feel like I caught that last lifeboat as the Cisco ship is sinking, but I worry about the friends and coworkers I left behind. Cisco is only 35 years old and it is already on its death bed. Sad.

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Post ID: @OP+17Ro2L4d

9 replies (most recent on top)

ER taker here. So glad to leave, the toxic social justice focus k–led me a little every time I watched Chuck and Fran discuss and interview that Ford Foundation guy.

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Post ID: @rpyj+17Ro2L4d

So true. Watching Chuck pander to his liberal brethren in his inner circle was pretty sickening.

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Post ID: @hebi+17Ro2L4d

I share a similar story to this post.

Cisco is far from short of cash working capital and balance assets to warrant annual repeated layoffs, therefore you have to ask what is really going on.

In my view the BOD and ELT are slaves to the street (share holder returns) and uninterested in using the companies extensive assets to invest in a long term strategy that would deliver consistent successful longevity their customers, staff and partners.

This short term thinking driven by shareholder gains don't equate to an outstanding company or secure place to work.

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Post ID: @3sid+17Ro2L4d

I share a similar story to this post.

Cisco is far from short of cash working capital and balance assets to warrant annual repeated layoffs, therefore you have to ask what is really going on.

In my view the BOD and ELT are slaves to the street (share holder returns) and uninterested in using the companies extensive assets to invest in a long term strategy that would deliver consistent successful longevity their customers, staff and partners.

This short term thinking driven by shareholder gains don't equate to an outstanding company or secure place to work.

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Post ID: @3mfm+17Ro2L4d
Stopped reading when i read 'transitioning to H1Bs' ... H1Bs arent any lesser talented than you are. Stop crying over sour grapes

Typical cry-baby SJW. You read 350% more into that post than it said.

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Post ID: @3aqg+17Ro2L4d

Stopped reading when i read 'transitioning to H1Bs' ... H1Bs arent any lesser talented than you are. Stop crying over sour grapes

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Post ID: @3qca+17Ro2L4d

Maybe CR was really crying over the share price and falling revenue.

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Post ID: @1kjg+17Ro2L4d

I took the ER knowing I will return to the grind. I need to purify myself first before looking for another home. Lots of rose colored glasses are worn by middle and upper management while the rank and file are burdened with multiple challenges in product (not solutions), with internal people (arrogance), long time partnerships leaving, and customer staring down the barrels of legacy thinking. A thin veneer of a legacy hardware company trying to live in a software world. I clutch onto what ever stock I have hoping they will “right the ship”, but the captain and its crew don’t see the iceberg that sc-aped by in FY20... it’s a pure shame that the last 3 years erased the 20+ I worked there. It was my dream job too. Good luck everyone

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Post ID: @1rml+17Ro2L4d

I hear you, friend. I couldn’t have summarized in any way better. I took the ER as well, and reflect on the very same points you make. It is sad. I will say this, CR and the rest of his ELT followers are a joke and are simply riding out the money grab that the board allows them. Truly pathetic and I’m still awaiting the shareholder revolt.

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Post ID: @thv+17Ro2L4d

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