Employees were laid off in my BU in the past and now. There was no obvious restructuring and there will be probably no obvious restructuring this time. Just people leaving.
LRs seem to remove unwanted employees (wrong hires, incompetent, fallen from grace, too expensive, ...). The alternative would pip.
Cisco lays off 5% a year and pips close to nobody.
Now what are numbers from companies that barely lay off? Do they pip around 5% or way less?
PIP comes with issues - mostly litigation if not HIGHLY documented. Cisco doesn't want to deal with those issues and management doesn't want to deal with the documentation when you can just toss an underperformer on the next LR list.
Which market segment is Cisco leaving? Be honest it’s just a BS phrase.
Not trolling. The top things they look at is pay grade, age, race, and gender. All of this does not apply to friends and family.
Cisco has three ways to get rid of employees, layoffs, LR, and PIP. Layoffs is that Cisco can fire anyone without a reason, but this is something Cisco tries to avoid because of potential litigations. LR is "limited restructure" which means Cisco is leaving a specific market segment. LR has constraints that Cisco can not fire at random. It has to be everyone in that specific market, not only the old employees but everything in that market segment. LR has less legal implications and is the preferred choice by Cisco. PIP is to get rid of undesired employees but it carries limitations also. If your manager has not done enough work and documentation, then the person who leaves is your manager not you.