and other serious IC get a short notice and out the door... Is that fair?
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The two SVPs who have just been fired from Thimayas org will get a full year, full bonus, full target stock. About $5m each.
Oh, I think directors & above work is deterministic...
Tell me you've never done any management of any kind without saying you've never done any management of any kind. Also, tell me you've never done any research on success without telling me you've never done any research on success.
This statement isn't accurate, but the initial post has the correct info. Grades 13/14 get 5 months + years of service benefit-- so a director or senior director with 20 years gets 5 months + 10 weeks pay with regards to salary payout.
April 15 was a sad day for those who had to exit, and those who may have truly cared about Cisco as a corporation distinguished by caring about employees.
G12 and below got 4 mos severance. G13+ got 5 mos severance. All grades received 1 additional week for completed years of service after 10 years and 2 weeks after 20 years. Ex: if you have completed 12.5 years of service, you receive 4 mos + 2 weeks of severance.
if they have been working for cisco a long time, they will be paid a year. that's pretty standard. if you were an IC working for cisco for 20+ years, you would also get that 1 year severance.
Maybe now. In the LR's prior to Chuckles, there was no additional weeks of severance for IC's who had 10+ or 20+ yrs of service. But I'm betting that MM got well over 1 yr's severance and she was not with Cisco for a LONG time. I think she only had 6 or 7 yrs w/ Cisco.
Unlike "change this bit field to 3 in a packet" their work is non-deterministic, affected by forces well outside their control.
Oh, I think directors & above work is deterministic and has an impact on the company's performance. While some of the determinations come from the top-down, they still set and manage priorities and request budgets that get approved or disapproved. A good director or VP gets things done and bad directors/VPs just make a mess of things, compounded by bad decisions at the SVP and/or ELT levels.
If you're a Technical Leader do you go to your manager and demand an Engineer 1 salary because you're all just not actually fixing the same bugs?
For companies that actually execute on a requirement like 12 direct reports per manager, if you have a single layer of management under a director that director has 156 reports. That means for every 100 worker bee jobs at other companies there is a fraction of one job at the director level to apply for. It gets far worse as you move up the ranks which is the reasoning behind a golden parachute. Unlike "change this bit field to 3 in a packet" their work is non-deterministic, affected by forces well outside their control.
if they have been working for cisco a long time, they will be paid a year. that's pretty standard. if you were an IC working for cisco for 20+ years, you would also get that 1 year severance.
What does that even mean?
How to say something but mean nothing
Is that fair? Please see me after class and I will give you a blue ribbon.
Directors direct reports moved but left alone to thaw and doing any harm to Cisco. Do they really have some much power and info?