Thread regarding Cisco Systems Inc. layoffs

let's just do away with the certifications across the board and focus on mediocracy going forward.

Post-modernists do not believe in merit, in fact, it’s part of the structure of white privilege. It’s more important to focus on identity and oppression-victim hierarchies.

The ELT fills up their bank accounts by selling worthless certifications to dupes. CCIE has become a dunce cap in disguise.

ELT is focused on filling up their bank accounts, NOT CCIE's or customers

@2oec

Yeah right - that's why it is so common for people to have two or three CCIEs. One doesn't even need to study for them; right?

I thought industry certifications were just a method to filter for obedient and submissive behavior? Anyone with an 8th grade education can quickly learn CCIE material without buying a certification.

@2fot
Ever heard of CAP? Yeah, I didn’t think so. That will not end well for Cisco.

@2fot

Ok let's just do away with the certifications across the board and focus on mediocracy going forward.

Sounds like that is the plan.

Sad.

why does cisco need a triple ccie holder just to answer a customer's call for an rma issue or a code bug issue?

The truly sad part is the people that had enough brainpower and dedication to actually achieve a triple CCIE in the first place, are no longer going to be available when a crazy severity 1 TAC escalation calls in.

More than 60 Sydney TAC got the chop this. Mostly with double/triple CCIE over 10 years of exp.

Mr Robbins $7.9M stock alone will keep the 60 TAC off the streets for a year.

This is what we call a "Marissa Mayer" plan......

Paying out millions in bonus to the ELT while the stock tanks and employees get fired
Plus lose 2.5B for infringing copyrights

LR-X
ER-X

Sounds like Cisco's newly woke leaders discovered that adding X's to words makes them sound more socially inclusive, so they're giving everyone layoffx while they pick up free stocx. Yay for everyone.

and no focal increase for the peons

https://finance.yahoo.com/quote/CSCO/insider-transactions/

Insider Transaction Type Value Date Shares
BHATT PRATIK
Officer Stock Award(Grant) at price 0.00 per share. Direct 0 Oct 13, 2020 19,119

CHANDLER MARK D
General Counsel Stock Award(Grant) at price 0.00 per share. Direct 0 Sep 17, 2020 50,239

BHATT PRATIK
Officer Stock Award(Grant) at price 0.00 per share. Direct 0 Sep 17, 2020 36,355

ROBBINS CHARLES
Chief Executive Officer Stock Award(Grant) at price 0.00 per share. Direct 0 Sep 17, 2020 195,931

MARTINEZ MARIA
Officer Stock Award(Grant) at price 0.00 per share. Direct 0 Sep 17, 2020 80,382

TAN IRVING
Chief Operating Officer Stock Award(Grant) at price 0.00 per share. Direct 0 Sep 17, 2020 75,358

ELLIOTT GERALDINE T
Officer Stock Award(Grant) at price 0.00 per share. Direct 0 Sep 17, 2020 100,47

You can sign up to be notified on the investors section of the main website. It will show you how much stock insiders own when the transactions are reported.

@1eui+17vB2qgU not sure wall street loves cisco right now. There's a stench of dead money hovering over us, even with all the layoffs and out sourcing.

Where do you find this information?

The elt saved the company 1 B in costs - 18M in rewards approved by the board is hardly an issue. Vote out the board next, shareholders have votes.

The only winner is Wall Street. Paying a few soulless executives to quietly layoff thousands of employees while outsourcing jobs is not honorable. The ELT are psychopaths, certainly not winners. Anyone can quietly replace full-time employees with contract workers.

$18m could have save only 80 jobs. Nothing big to worry about.

@ifo+17vB2qgU based on the reaction in the most recent check in, it won't end anytime soon. Too many nut s—ers kissing up to ELT hoping for some sc-aps from their corporate overlords

Revenue declines 10%+ every quarter and these people get these huge stock bonuses while 15,000 employees are fired during a pandemic?
What is wrong with Cisco?

Well, surely at least long enough for another $18m dollar dip into the shareholders pockets. Damn, they rival Oliver Twist.

When will the ELT finally end the BS they try to sell employees on these Cisco Check-Ins?

Shameful and disgusting, but not surprised in the least.

I have only one word to say: GALLOWS

They all won the career lottery.

Process flow:

Your Kids' College Bill >>>
Your Paycheck >>>
Your LR >>>
Cisco Cost Savings >>>
ELT Stock Award >>>
New ELT BMW >>>
New ELT McMansion

Enjoy

is this the conscious culture that cisco says they follow. layoff no, not layoff WTO career "trasition".

Death spiral when the top executives raid the value of company. Enrich themselves at the expense of shareholders and employees.

Shameful-Cisco Stock is down 40% over past year and the Board of Dir approves this, while Cisco competitor's stocks are up 100%+ over past year

ka-ching!

Disappointing