I absolutely agree with someone who wrote that headcuts are the only tool our leadership knows to use to make the books look decent at the end of the quarter.
What are the other ways they could achieve this besides cuts? There are certainly some, but the leadership obviously does not consider them.
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Chambers once established a very questionable metric in the form of revenue per employee. He set the bar at 750K USD. The guy is such an imbecile. Imagine how d-mb that metric is. No consideration for grade, strategic impact, span of control or influence. Cisco just got very lucky in the 90s and surfed the internet wave despite terrible leadership. It's now time to face a very different landscape and the ELT just doesn't have a clue.
Moving jobs from America to India is not an easy task. Think of all the strategizing necessary to outsource jobs without negative PR. Don't underestimate the ELT... it's a valuable skill.
Have you ever seen negative news about Cisco laying off full-time employees and replacing them with contractors? All the money saved on health insurance, 401k, and PTO
Beats exploring thought leadership. That option is out. Too much effort.
They also make bad acquisitions to get a tiny revenue bump.