Thread regarding Cisco Systems Inc. layoffs

same ol same ol.. same ol playbook. Hype, hype and bail with $$ after 2 yrs

However bad Splunk is, Cisco "leadership" will make it worse.

Same sad old song, Cisco buying some overpriced hype, CR wants ego and to be in the news while employees and shareholders get screwed

I don't know what Cisco aims to achieve with Splunk, as I'm aware that Cisco has acquired at least two companies (Stealthwatch, Tetration, etc) in the recent years that still haven't been integrated into the broader picture and essentially perform the same tasks. Even business units internally are competing each other. The main criticism of Cisco, and the reason it's losing ground to other vendors, is the lack of innovation, poor product integration, and a lack of a clear roadmap, specially in cybersecurity field.

Cisco is losing ground to competitors like HPE, Juniper, and Extreme Networks due to its high cost. In the security sector, Cisco is no longer a major player, with products like AMP4E, Firewalls, email and web security and cloud security (Cisco seems uncertain about what to offer in this space), including acquisitions like Stealthwatch Cloud and Tetration are not growing anymore. I recall talking to a Cisco product manager about Splunk almost two years ago when they first mentioned the acquisition. He mentioned that even as a product manager, he didn't know how to position Splunk effectively

"We exited our position in Splunk Inc. (NASDAQ:SPLK) during the quarter. A number of developments caused us to question whether Splunk’s competitive position was eroding. Splunk is a premium product, and less expensive alternatives have made progress increasing the quality of their offerings. Our research has confirmed Splunk is losing market share to these players, including Microsoft’s Sentinel. Sentinel has made a number of improvements over time and integrates with Microsoft’s other products. Notably, both of Splunk’s Co-Presidents left Splunk in 2022 to work for Microsoft. Splunk’s Chief Financial Officer left a few months later. Before the CFO left, Splunk lowered its annual recurring revenue guidance for the year. While the company attributed the change to the macro environment, we were unable to differentiate to what extent the slowdown was caused by the macro environment versus competitive factors. Based on our primary research and competitive concerns, we no longer had sufficient confidence in Splunk’s value stability. Splunk no longer qualifies for investment, and we exited the position."

Mark my words. In two years, this will have been an obvious failure, and the board will finally fire Chuck.

Based on Pre-Market trading, stock market agrees that Cisco is making a mistake