Apple announces $200k bonuses for retention, Microsoft announces doubling budget for employee salaries, Cisco CFO already said there is no money for employee raises w/o affecting profitability so CPO goes and gets Oprah Winfrey to pitch massive marketing plan to employees for learning as smoke and mirrors under guise of investing in people. We’re gonna pay you market rate but look Oprah is here.
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Ahh nice shares being cashed in up top
https://finance.yahoo.com/quote/CSCO/insider-transactions/
And FK has the guts to say “we’re all” dealing with inflation. She doesn’t even feel it at her wealth level.
Are you not entertained?
Very happy I took it! Life is good. Hopefully they'll be nice to those looking for a repeat.
"Resurrect the Early Retirement Program. There will be takers this time"
If it were like the first one I would be done today as I'm sure a whole lot of others. The first ER had a lot of people going away with well over a year of pay.
Pro tip, leave Cisco as the grass is in fact greener. I've been getting my pockets lined since I left and I'm 5x happier as it's inspiring working for a company that isn't on a slow decline!
I don’t understand the logic of any of this. We’re spending money to hire a billionaire to chat with Fran, meanwhile inflation is destroying our wages and the cold blade of layoffs is pressed up against our necks.
I’d rather that money be used to layoff less people than to make Oprah richer.
Illuminate is a terrible distraction, and agree with the Oprah comments. We need to get to work.
This whole old poker game is over.
Why are we all still playing it, year after year?
I also found the ELT inviting Oprah Winfrey quite insulting. This is money entirely wasted on futile activities. Who does this really fool?
Resurrect the Early Retirement Program. There will be takers this time
Cisco is old lady of industry.
@ana+1gOTJrw4 The new CFO seemed anti-layoff when he first joined. Hopefully that hasn't changed.
When customers aren't buying what you're selling, you don't need retention bonuses because you don't need as many employees as you did when they were buying what you were selling.
The new CFO is here to cut costs at all costs.