Thread regarding Cisco Systems Inc. layoffs

Can confirm my current company sent a message saying don’t touch LR’s from Cisco or zScaler.

To those staying, the best thing you can do is establish a monthly budget and stick to it.

Max out your 401k and Roth, and set aside a year's worth of salary for when you are LR'd.

Guessing now however for those in 20s, 30s, and 40s; the above is pretty darn tough to do with inflation and life expenses.

In a way I can understand why Cisco gets rid of us older folks.

We consistently, fortunately, lived in the 37% tax bracket for most of a decade at Cisco. Mostly because of the options and RSUs. Sounds like that is no longer in the cards for most anymore. That sucks honestly because that is what made it worth staying.

Well if you can afford it, do a budget and stick with it. It might take a decade, but once you have a good amount invested, and limit your debt; you will look at it all very differently.

Just keep away from buying expensive cr@p and sh!t you don't really need. Invest instead. Someday you won't care about the job or the money, if you work hard to save a bunch of it.

Item 5 should be top… and please Randstad Risesmart is a joke. If you understand their commercial model, Cisco pays them no matter what.