Thread regarding Cisco Systems Inc. layoffs

More proof today as to where Cisco customers went, as Microsoft CEO increased cloud sales 50%

Intel Bd of Directors fired Intel CEO-Is Cisco CEO is next if Cisco Bd of Dir does their job

Guess this vote makes sense now that Acadia decided not to join Cisco

I can't see how Bd of Dir will not ask Chuck to resign

Appears that Cisco is heading down the same road as IBM and Intel based on recent news

Q2 began a while ago genius.

Hearing major sales reorg beginning of Q2

Both Intel and Cisco will have new CEO's in 2021

Chuck Robbins’ reorg and refocusing efforts at Cisco have now triggered the end to the tech giant’s high-profile IOT smart cities program
IOT layoffs to follow

The Board of Directors has the authority and obligation to replace an unqualified CEO
Let's see what they do

Cisco CEO Chuck Robbins: An id–t Or A Liar, You Decide...
by Tyler Durden
Wednesday, Dec 07, 2016

So today on CNBC Cisco CEO, Chuck Robbins explained that if they were to repatriate their offshore cash back to the US he would use the money to reward shareholders through buybacks and dividends and then do some M&A.

He claims cash distribution to shareholders in lieu of actual economic-stimulating investments creates jobs by way of mutual funds, which make the soon to be out of work Americans from his M&A activity feel good about their income….

I mean where does one even begin picking apart this absurdity of logic?? It probably is not even worthy of a detailed response. But I wanted to note, on record, that these are the type of mo–nic and asinine thought processes coming out of corporate America that are k–ling the American middle class and will destroy even most on top unless the bottom 80% are handed a stipend to go out and buy products produced by corporations. If Chuck truly believes what he says, well he is an id–t. If he has even a shred of economic acumen then he is a liar. I’ll leave it to you to decide.

Shouldn't Charles Robbins resign knowing the stockholders voted him out?

It's on the Web!

Here:

https://east.virtualshareholdermeeting.com/vsm/web?pvskey=CSCO2020

around the 8:00 minute mark.

Between losing the majority of the execs and smart engineers, plus the billions wasted on ridiculous acquisitions, the board needs to step up now and do their job to hire a qualified CEO

Why is annual meeting replay only audio and not WebEx Video or Zoom Video?

Webcast on Cisco Investor Relations page has link to Annual Meeting audio replay

What was the result of the vote?

Link and time stamp?

Listened to audio replay and it must have been embarrassing for CEO to listen to irate stockholder call him out at annual meeting for being unqualified

Let's not forget that Cisco CEO has NOT been forthcoming that 10K people were affected by layoffs in 2020

Elon Musk only gets paid depending on how his companies do. That's the way to do it.

The CEO couldn't care less. He has made $Ms, has many $Ms, has an insanely lucrative Golden Parachute. The issue is Execs do not care about a company any longer. They care about their money, Exec travel, leisure time, and how to shaft employees. That is all. There is no other type of Exec. If there were, their compensation would be based on how the company does, how they retain employees, and how the grow the business. 80% of tech execs would make no money.

Cisco board and ex-CEO selected current CEO. But what about the EVP, VPs and Directors ? Aren’t they responsible for direction and future decisions of the company along with the CEO ?

he's such a clown...those check-ins where he is giggling with Fran as they announce layoffs...no class

Having a narcissist on the board is a no-win situation especially when the narcissist happens to be the CEO of the company

Very telling since Mutual Funds own largest amount of shares and have the most votes

Board of Directors needs to do their job to hire a qualified CEO replacement