Layoffs are coming, whether it's going to happen in January or July. The best way to stay prepared is to have options. Start looking for a job right now even if you are not planning to leave unless forced out. Make sure that you have an option B and an option C and your mental health will thank you.
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American job market is flooded. H1's go home!
Save up your FU money and live your life. Leave or stay to get the pay out. Either way the FU money reduces the stress of any looming LR.
@1dew+1qhkOFEP, I'm the counter-point to your argument.
While I did end up better off in the long run, I took the first opportunity that came along just to resume having an income and save the severance package. It just turned out that the job I accepted was not what was advertised and it su-ked.
But the adage that it's easier to find a new job while employed is true in my experience, so I was able to land a better job within a year after taking a cr-ppy job when leaving Cisco, which is why ultimately I am better off. Finding a job that's better than working at Cisco is not a given, nor is it "easy". It's possible, but it takes time and patience and sometimes requires you to take a less-than-great job to get you to the much-better job.
New employees must be better paid because they know they can't improve their ability in cisco.
Lots of people out there, very qualified people, are not getting jobs. The market is very tough in tech right now. Director, VP-level people applying for RM jobs.
guys just walkout, you been played by Cisco for too long.
New employees with less qualifications getting better pay.
Many employees, about 50%, are being underpaid and undervalued at Cisco.
New employees are being rewarded with current market price.
Steve Jobs warned about market dominant companies and the risks they are eventually exposed to in 1996. These companies become top heavy bloated with sales people who have no idea about technology, do not understand it and they become divorced from reality. They stop innovating and start nickel and diming. Sound like Cisco?
LRs are part of the Cisco business model. Buying companies to add value to current offerings will never change and this is the best way this company stays relevant. Stop asking if there will be upcoming layoffs because everyone in the industry knows Cisco is the king of layoffs and it has a reputation to keep.
in my experience, getting laid off at Cisco is actually a blessing in disguise. Every single person that I know at Cisco who went through laid off found a better job or in a better situation than they were before. Not a single person went through a hard time after Cisco laid off. Is it a coincidence? I don't know. You be the judge.
If you have the above obligations, it is just so much more irritating on the scenario that you can do a great job and still get canned;
A few of us have been trying to let everyone know Cisco has been having layoffs since 2001, for long stretches quarterly, and that layoffs have been part of business for 40 years when Cisco's previous CEO John Chambers' idol Jack Welch started them at General Electric. All the down voting over the years shows a massive level of denial.
...and then your salary goes to pad ELT compensation.
The overall ELT compensation is small relative to the company's earnings, and Cisco keeps growing body count. People also like to down vote the fact that over 100 years ago the case of Dodge v. Ford Motor Co. established that a company's obligation is to its shareholders, not its employees or customers.
I don't set Cisco policy nor do I write the law, I simply try to inform people what they are so they can make informed decisions.
Cisco is going to go through some massive changes as Splunk is integrated and Cisco's networking business continues to decline. It's important to proactively make an honest assessment of your personal situation within Cisco and react to that assessment with a plan that is best for you and your family.
"If you do get laid off, you will have a long runway to find your next adventure."
- Except the long runway can be strewn with ongoing financial obligations that are real here-and-now requirements.
- Have a few kids in school? Are you willing to pull them out of school to move elsewhere?
- Have a few kids in college? You are at a minimum looking at a thousand dollars a month in expenses while they are in.
- Have a few kids that have finished college and you are now helping them repay their loans? You are looking at a few thousand a month.
- Have a few new vehicle drivers in your household? You are looking at $500-plus a month for auto insurance.
- Have a spouse and a few kids on your health insurance? You are looking at ~$2,000+ a month for Government Health Care plan; while searching for the next job to cover your family.
If you have the above obligations, it is just so much more irritating on the scenario that you can do a great job and still get canned; and then your salary goes to pad ELT compensation.
Do you really think your future is in any way safe here while you try to raise a family, especially through the college years?
You will waste your time away from your family for a hypothetical of a hypothetical. Just enjoy your life, do good work and don’t overextend your lifestyle. If you do get laid off, you will have a long runway to find your next adventure.