Demand for knowledgeable engineers and people with great skillset is always high, but in this period, hiring is extremely slow. Laying off employees right before holidays - did it really have to be like that? If the timing was a little better, if nothing, many would not leave here feeling bitterness.
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"If volunteer is an option"
It isn't. Way, way too many good folks would seize the opportunity. I know I would.
…did it really have to be like that?
Yes. Early and late layoffs unnerve stockholders more than market timed layoffs, which is why so many tech companies are laying off people now. It’s a herd mentality thing because many in the owner class are as clueless as those in the slave class.
If volunteer is an option I am going to take it.
Its a gift for my circumstance.
This is nothing new. This ‘rebalancing’ is a constant in just about every tech industry. New technologies both in hardware and software need more techs. After x amount of years, that hardware/software stabilizes and you need less techs, until the next wave of new software/hardware.
its the Cisco Way ... laying off around the Holidays for the past 20yrs.. Teams of HR and numerous "retained" Lawyers have a proven script to follow which leaves little time for impacted employees to review or challenge whats happening to them. Terminated Employees are stressed with Holidays and will quickly sign packages.
No one losing work until mid 23 and a very fair severance. And open positions can be applied for by anyone affected. Very fair
Mid 23? My understanding was that the severance package would be the same regardless of the decision people made, and that they would have a choice of terminating their employment in the first week of Feb or on Mar 13. That's the first quarter of the year, not the middle of the year.
Granted, being informed on Dec 12 and being able draw a paycheck and have benefits continue until Mar 13 is 90-days notice plus whatever severance they add on beyond the date the employment terminates, it's a better package than many companies give when they give a couple of weeks, plus 1 week per year of service BS.
I want to hear the numbers of people hired for those internal positions. They said the talent movement solutions has only placed several hundred people so far and that they need to do better. 300 people would be 10% of the 3000 open reqs they want to fill.
And many of those open reqs are at lower job grades than what people currently filling similar roles are at. Why would people want to apply for a demotion and why would managers want to hire internal people & have to increase the pay grade of the role to match their current pay and sc--w up their budget. The whole TMS is just a white wash to make it look like they want to move people around and keep them instead of replacing them with younger, cheaper workers.
it makes sense to do it now - if you wait until after the holidays then they would have to work thru the bonus advance. ...
Even if you're notified on Dec 12, you're still an employee until the 1st week of Feb, or Mar 13th if you elect to take extra time to look for an internal role to transfer to. The second quarter ends on Jan 27th, so everyone notified on Dec 12th is eligible for the mid-year bonus payment. And, that payment is at 100% of a 1.0/100% IPF so manager's can't give you a cr---y IPF to make your bonus almost nothing.
When the LR's happened in the first quarter, managers had time to set your year-end IPF to whatever percentage was needed so that you kept your mid-year bonus payment, but the total year bonus amount was basically equal to what you'd already received at the mid-year payment so you got nothing, or very little, at year-end/severance so that they had more bonus money to give to the remaining team members to keep them happy. I know too many employees who got stiffed at year-end by sh---y managers while a few managers gave them the IPF they deserved and let them earn their full bonus.
Cisco has been conducting layoffs non-stop since 2008, some layoffs publicly announced while others quietly conducted. This shouldn't surprise anyone.
it's always the same trick and sadly it is now embedded in Cisco's lazy management DNA. of course this is cost-driven, of course internal transfers will be made as hard as ever before in such situations.
back in 2017, after i was told i was impacted by yet another layoff despite having been "exceeded", i found not one but two internal opportunities. Cisco then got IT to start injecting problems to boycott my interviews. i kid you not. it would have been child's play to sue, but i didn't feel like it.
after that i was gone, and honestly i enjoy my new territories so much more than the toxic environment Cisco became. saddens me to see so many people suffering due to a very self-defeating management "best practice", year after year.
Chuck is a nice person in private, but he has destroyed every vestige of the remains on "our people are our greatest asset", which now at least they don't dare to print yearly on the little yearly goals and culture cards.
@jyk+1jLyCwl6 no. They said during the check in the people getting fired will get the 1H bonus advance.
If they were serious about putting affected staff in open roles, they would enact a hiring freeze. Almost no one is going to get moved into an open role IMO.
No one losing work until mid 23 and a very fair severance. And open positions can be applied for by anyone affected. Very fair
I think some people may be able to avert some personal financial complications by knowing now instead of after December. And we won't be on the street in December anyway. March is better than December. A lot can happen with the job market in 3 months.
it makes sense to do it now - if you wait until after the holidays then they would have to work thru the bonus advance. Im sure They would rather not pay those bonuses.
I'm not sure there's ever a good time to do it tbh. At least people will know to have a low-key Christmas
I hear Twitter is gonna need some help...
No concept of treating those affected with respect heading into the holidays.