Thread regarding Cisco Systems Inc. layoffs

Cisco is no longer the leader they once were

True that once upon a time Cisco was an indicator of global markets because they were tech leaders. 2008 recession was 15+ years ago. Cisco is no longer the leader they once were, they are now lagging their competitors in growth in several areas because they missed several key tech areas of growth, lacked the vision needed to invest in those when the time was right, refused to use tech vision to invest in R&D and shunned innovation. They are literally laying off people every quarter since October 2022.

Cisco layoffs are no longer the economic barometer that they used to be. It's just a company who is way past its prime, sagging under gravity and trying to stay alive. Cisco is now Nortel 2.0, a rudderless ship trying to stay afloat but gathering water, with a captain at helm who cannot read a compass to save his life.

Bumping this from @sjx+1r1LoO1Z, 100% on point.

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Post ID: @OP+1r2NusIo

10 replies (most recent on top)

Wrong! We are the leader in layoffs!

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Post ID: @jdk+1r2NusIo
Zero innovation since Chambers left.

Yeah. A ginormous brick of a tablet that took longer from announcement to release than the full lifecycle of other tablets of the day. As the world was moving to texting he came up with an expensive personal telepresence system with an additional $60 fee on each end with likely little more than hope it would result in effective QoS. Then there were the failed acquisitions including a camera that overheated in the first three minutes of charging so you couldn't recharge the thing. There is a reason Cisco's revenues were dropping leading to Chambers leaving to spend time with his family.

Oh, and don't the four broken operating systems to do the same thing which devoured most of the development budget in trying to fix bugs. That was a Chambers production.

Chuck has destroyed the culture, which is more focused on diversity than results.

Having been a customer of Cisco I can confirm Cisco had no development skills for the past 30 years which is why they moved to a largely acquisition model 30 years ago. This was long before DEI and even significant offshoring. Cisco essentially stole their first product from Stanford nearly 40 years ago.

Note that when you falsely tout "results" you aren't counting the loss to customers who have to test each image, sometimes for years, before taking more losses through service outages when they are finally first deployed. You've been shipping images where whole subsystems don't come up for decades.

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Post ID: @zuy+1r2NusIo

When you can’t innovate, you focus on cost reduction. Otherwise smart people in ELT roles have embraced multiculturalism and its legion of derivatives because they saw how it could be THE method to drive down people costs — and it had the benefit of masquerading as something divine, that can’t be criticized. Combine that with very short-term thinking (which is rewarded by the board) and you have what we have here. A slow rot...

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Post ID: @uke+1r2NusIo

Zero innovation since Chambers left. Chuck has destroyed the culture, which is more focused on diversity than results.

Splunk isn’t going to help, and now that Chuck is in Atlanta. See ya San Jose

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Post ID: @ykf+1r2NusIo
They can hire best people in the world literally to keep the business running .

No, the have not and cannot hire the best people in the world. Spending the vast majority of the development dollars and therefore most of your time trying to fix 40 years of deep technical debt is career su1c1de and the few who missed the red flags in the interview process quit in the first year.

Repeat until it sinks in: Cisco acquires - it does not develop.

They are literally laying off people every quarter since October 2022.

They been doing that for long stretches since 2001. As Cisco's own leadership said over a decade ago, doing annual layoffs is a sign of bad management. Cisco has extremely poor technical and managerial leadership and like rats they jump off the sinking ships to eat holes in the next ships.

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Post ID: @qvt+1r2NusIo

"Headwinds"
"Softness in the Enterprise segment"
"AI strategy is on track for success"

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Post ID: @gez+1r2NusIo

"Super excited!"

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Post ID: @cdg+1r2NusIo

Cisco only can attract bottom of the society to work, it has been attracting bottom 10% since covid

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Post ID: @dxx+1r2NusIo

Chuckie is going to blame economy on poor quarter during earnings call

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Post ID: @rbn+1r2NusIo

I can say with high certainty that Cisco will still be a fortune 500 , 10 years from now. With looming layoffs last thing we should be worrying about is the future of Cisco. They can hire best people in the world literally to keep the business running . What should be worrying is the future of workers here. Not sure how can one get anything done with these many layoffs.

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Post ID: @ypj+1r2NusIo

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