All sh*ts ELT talk about is politics, the travel to Davos, and social impact.
Lets be real. Who cares about that when Cisco is laying people off and bleeding talents?
ELT just lives off of company money to fulfill their self-ego and is delusional.
We want tactical approaches to grow our biz and motivate our employees.
Dear first-line managers: your 1:1s and "career discussions" are also quite useless :P
The funding from prior Early Retirement is no longer a possibility for go-forward profitability.
One ER package could fund an average of four LR packages.
Expect that LR calculations will further decrease in overall cash payout going forward.
Travel is indeed a major expense, and also indeed to expect increased expense management and justification analysis for non-Executive meeting travel.
As I have tried to respectfully articulate in other posts on this board, the business model has shifted and as overall the company has reached market maturity; the Executive Team's job is to shift to focusing on profitability on a quarter-over-quarter basis.
This regretfully has hit many nerves, along with the commentary that a select group is designated to control the knowledge and cost decisions; not only for UK line-of-business, but also for other theaters.
We appreciate everyone's contributions, but everyone needs to understand where we are as a business.
Please put your family first and foremost and plan your careers accordingly.
I would also summarize the check-in as an Executive brag session. There's a huge amount of people in Cisco that still can't travel, yet Sr leadership travels and then on top of it, flaunts it! Hawaii and now Davos! For almost a year now, SVPs have been visiting sites saying how good it is to get out. We love seeing you, but let us see our people too! Many of us never even met the people face to face that work for us! Unbelievable!
Cisco had a record quarter yet we are laying off really good people (mostly Sr people over 50) to fund this Executive privilege and help profitability. Cisco should take a page from Apple this past week, buck the trend, and not stab the employees in the back that helped get them to these great business results.
If LRs are going to continue to be the culture in Cisco, then make the packages the best in the industry. Let the rest of us wish we were included to get a package, give us an early retirement option, and not live in fear we could be next. Being over 50, I'm scared. Those of us that were not included in the LR see how these people are being treated sh**y despite how it is being hid from us, then leadership try's to sugar coat it as good news by calling it a "Workforce Transition Option". Rename it and dance all you want, but face it, it's a "layoff" to cut costs.
Honesty and transparency goes a long way, but this is dance, and we see through it. Don't make this your last dance. We want Cisco to thrive!
I’m not nearly as jaded as the rest of this board, but that checkin was awful. Let’s spend five minutes giving lip service to yet another police mu---r. Now, Davos! Twenty long minutes of “I got to meet so many rich people and it was so cool! Did we tell you it was Davos? Davos Davos Davos!” And then 10 secs of “we know it’s hard for you leaders to lay off people, maybe go fix your PTSD on your own time” plus “we hear you on Davos with all the layoffs but we have to drink wine with hedge funds, they’re forcing it on us” and we’re done, and once again Davos!
And then all these “can we get rid of all the social justice stuff” people when you know it would just mean five more minutes of Davos! What, you thought they’d use it to tell you anything useful?
“Heard chuckie is going to Japan, but what for? Just for fun? to eat sushi? or to inform them of layoff there?”
Don’t be ridiculous. He is there to show them his math degree.
RTP is closing at the end of February.
The truly ironic part is, those that know the products, worked the ugly escalations, and built good troubleshooting skills TAC in the 2000s; are now on the outside, dismantling the Cisco networks to other OEMs.
I loved and lived Cisco. Early TAC through the 2000s was a crazy, fun, challenging lifecycle. I was very happy.
Then Cisco said they did not want me around. Really? I was reviewed as a top performer, and worked truly hard to be a good skilled troubleshooter.
I had another job before the package was up, and have worked at several other companies, essentially migrating Cisco gear to other vendors.
Cisco gear will still be out there because customers will run it into the ground, the old stuff is great.
The market transition has already been missed. It is ironic when partners call on customers to pitch Umbrella for example and find the whole enterprise firewall was swapped out last year; and the Cisco account team could seemingly care less.
The old Cisco horse is dying. She can still pull the cart, but with fewer and fewer people on board. Get out while you can. While you can decide your next step.
Ten posts in this thread, how many unique trolls do we all suspect are behind them? Two or three? Or is this just one guy writing comments to himself?
Heard chuckie is going to Japan, but what for? Just for fun? to eat sushi? or to inform them of layoff there?
“I am someone myself who could think about exploiting“
Hold my beer, I’m way ahead of you and am transitioning. Albeit super slow.
The "diversity and inclusion" is a clause being plundered by the politically minded at Cisco. I am someone myself who could think about exploiting that same clause. But the company needs to keep in mind that they have a business to run and the best qualified candidate, be that a man, woman or a pig of any complexion (red, white, green, brown, black, purple)... needs to be picked irrespective of whether he/she may fit the "diversity" clause. At Cisco UK&I, the SED himself and some of his immediate reports are grossly unqualified and are riding the same hype, using the HR to do their bidding. This needs to stop if Cisco wants to survive as a company and come out of a culture of mediocrity.
And to think I was once so proud to work for this once mighty company that at one time really did offer solutions that powered the world. It is now an empty shell of its former self, stuffed full of self promoting woke sycophants.
Agree Leaders have lost touch with the employees. Checkin proved that yet again. Deal with the issues first that is on your employees minds not strategically decide to down play. When challenged insult our intelligence and say we need to be well rounded and also remember to do engagement pulse like that makes any difference. People worked to the last day of the Q and then Monday told their not need. We care, No 1 place to work what a laugh.
It's quite surreal. Never a word about tech trends, competition, new products, nothing. Cisco is about social justice and political lobbying. How is the board so asleep at the wheel?
Chuck was prepping his golf game for the AT&T pro-Am this week.
Nothing but pure BS politics. Yet another worthless SVP of diversity or inclusion hired to do nothing that has anything to do with technology business.
Fran and ELT is totally out of touch. Scott the CFO can only talk about sipping nice wine at parties in davos with world "leaders" who lead as well as cisco exec "leaders". Chatting about how they can sc--w all the workers of the world.
Where was Chuck? Vacationing in davos or kissing a-s to his owner the CEO of blackrock?
I, for one, was deeply impressed the few times Fran managed to slightly move an eyebrow. The Botox must be wearing off.