Thread regarding Cisco Systems Inc. layoffs

Only Fran and HR know when the notification will go out. Although in the coming weeks, managers and directors may get "training" sessions so they'll know soon IF the notifications go out immediately after the earnings call.

In the past, workforce reductions (WFR) and then limited restructuring (LR) announcements were made during earnings calls and they said how many people were affected. Recall the 2011 WFR and the 2016 LR--the first one under Chuck--but then later LR's became more secretive as the ELT called them "more transparent" as they started LR'ing people immediately after the earnings call (at least in the US & Canada as other countries have labor contract laws that require more advanced notice) and no longer gave any concrete numbers about how many people were impacted or what the packages looked like. The only exception was the one that followed the most recent early retirement offering. They still didn't give out #'s for how many were impacted, but they shared the package details for the early retirement to entice people to take it, as well as giving out the details on the packages that would be given to the "at-risk" people who were notified saying that they could either take the early package or spend 60 days looking for a new internal role or risk being forced out with the late package which was basically 60 days less pay than the early package because you had stayed on the payroll during those 60 days.

So, bottom line, we won't know how many people are being impacted, if any, when they make the earnings call. If you start seeing invites for an All-hands the day after the earnings call, or the next day, then they'll probably be giving out details like they did for that "voluntary" termination for "at-risk" employees. Otherwise, if they announce an LR, look for an invite from your manager within a couple of hours after the earnings call is over asking you to meet the next morning.

I recall a manager "highly encouraging" his team to listen to that day's earnings call on quarter. He left his office immediately after sending the reminder that the earnings call was about to start and as soon as the earnings call was completed, he sent out meeting invites for first thing the next morning to the impacted people. It was easy to figure out who was impacted by looking for people who had a meeting at the same time as the manager for the next morning.

Bunch of Cisco finance folks will be LR'd as bringing over the Splunk finance folks with lower salaries