Up to 25% of FTE and contractors will be cut over a 2 month period.. CSCO wants to slim down. All L2 mgrs and their directors have been instructed to provide an excel spreadsheet of individuals to be cut. Some teams will be completely obliterated.
If your mgr or dir stops saying hi to you, that's a tell tale sign that you are on the list. Some of the planning will take place offsite to avoid tipping off the "victims".
I took the ER and went to work for a partner last year, best move I ever made. Will be the first year in 15 that I’m not wondering if my number is up. Too much stress
Ya'all haters. Cisco is the #1 IT company in the world. Cisco is the best place to work according to Forbes for the past 3 yrs.
Post from TheLayoff.com
The collab wave is just starting.
COVID ki---d Access, Wireless, and WAN. You really think 100% of those offices are opening back up? And Cisco missed the COVID Collab wave also.
AWS only impacts our DC business. While large it’s nothing compared to access and wan.
"AWS is kicking us in the ar-e, that's the problem. RIP CISCO"
AWS already KICKED us in the azz. We are in the Emergency ICU room in a comma and on life support. That emergency room runs on AWS, so technically AWS can decide when Cisco "dies" by pulling us off life support.
AWS is kicking us in the ar-e, that's the problem. RIP CISCO
In my team, 2 contractors have been given their 2-weeks notification that they will be out the door. Both were long term contractors and very talented.
There will not be a 25% LR. It could be 10% at best. However, if you want to fudge the number up then maybe figure in the frozen reqs that are going to be cancelled.
Cisco needs a new CEO from far away places. Look at GOOG/MSFT/IBM, their CEOs are all _______ (fill in the blank).
"And while all this is going on, the company would be in 1-2 years of complete civil war. Groups fighting each other for survival, execs grandstanding to save themselves, people working for customers and products that somebody else is canning. It would be a mess."
You just described what it's currently like working at Cisco.
The id--t that wrote the initial post doesn’t realize that a 25% cut is basically company ending levels of attrition. To get to those numbers you would have to cut several major sites - like the SJ campus - and fire all the employees. Or close every sales office in Europe and Asia. Or exit major lines of business such as mobility, service provider routing and switching and optical. Or sell CX to A consulting company.
And while all this is going on, the company would be in 1-2 years of complete civil war. Groups fighting each other for survival, execs grandstanding to save themselves, people working for customers and products that somebody else is canning. It would be a mess.
The problem with that stupid post is that LR makes no sense when you lose business with the people. The secret is to keep the revenue and lose the people. If you lose the business along with the people, every analyst would be wondering what this would do to the numbers and how that would affect the share price.
It would be career ending for a CEO or CFO that tried it. It would be beyond stupid, much like the troll who wrote the OP.
"Yes, any company that has some business that are under performing need to be trimmed via layoff. "
Haha....that is a silly statement. A REAL company, managed by REAL executives, would just pivot the resources to a successful division needing resources....even if that means some retraining. That's the way it used to be done. Companies now just hit the "EASY" button of layoffs. Super lame.
Too much chatter about LRs on this forum lately. Maybe the ELT team is behind all this chatter to prepare employees so there is less shock when it really happens.
This post I am replying is simply not true. Yes, any company that has some business that are under performing need to be trimmed via layoff. It is called limited restructuring for reason. That said , this year Cisco is doing better. There will be only two or three under performing BU-s impacted up to 10% (more like 6%). This will not be even noticed.
There is no major layoff planned or there will be no relaed discussion/announcement during earning call. I do not know much about Sales.
Sounds a lot like an add for cable internet - "Up to....". 25% is pure BS, would be a major major restructuring of the company that would have to include exiting from multiple lines of business. It would impact sales efforts as customers would question if Cisco is the right company to partner with. The OP is just having fun stirring the p-t trying to stoke fear and anxiety.
Certainly possible that Cisco will have an LR but nothing near 25%. Not likely to be even in the 5% range. Stealth layoffs though - you betcha.
My cousin's wife's friend's husband who works for Cisco has also seen the list. This is going to be bo-b of all layoffs. :-)
The way layoffs occur at Cisco is the same every year. Managers/Directors are instructed to assign employees to next years initiatives. Anyone left off a project is eliminated.
It's an easy method to protect your friends and family from layoffs.
I don't agree w/ this post. Are layoffs likely? Sure. But "all" L2 mgrs and Directors have been instructed? No. This would imply across the entire company. And in the U.S. we are still under a WFH mandate until the end of September so no "off-sites" are allowed.
Every year we get the Mother of all layoffs rant. You forgot about campuses closing. It will be under 7% like it is every year. Sometimes I wonder if these are automated to post every August.
Layoffs are a given at Cisco. But I don't think it will be as big as 25%. That would be too much bad publicist, however, it is possible as AWS/Azure have been eating our lunch for way too long.