Thread regarding Cisco Systems Inc. layoffs

Timing

reposting this, it's a good thread:

If the past is, in any way a predictor for the future in this case, it should be preceded by an earnings call (more precisely a missed earnings).
I expect this time the things to be rushed a little bit as they had a lot of time to prep this.

I could watch my manager for more than 9 months maneuvering to place me on projects where I won't become a dependency, serving just as a backup person mostly. I think it started when they announced the summer mandatory shutdown. This was a clear indicator for this.

So in my case, I know I am on the list, my manager knows I know I am on the list. His problem is that he has some problems himself (he just does not know how big they are)

I hope they will motivate me good enough not to take them to court because I have some serious ammo in my backpack :-) . And I don't even need to open my mouth outside of the company, I just need to send the email upward on the food chain and present some facts. When you are on a high payrate and such problems surface their decision is going to be almost natural and my help will be welcome. I can't even be sued back because all I would do would be to explain some problems that have been tolerated by negligence.

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Post ID: @OP+1tZGD6lV

10 replies (most recent on top)

So we are on time and on schedule, they just booked the internal meeting on Monday, to announce the LR.
So that is it, next week it is happening. I was right, the past is a predictor

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Post ID: @2vsq+1tZGD6lV

Whoever said "the closer to the money, the safer you are" must not work at Cisco. In the Feb RIF, there were alot of direct sales people (AM and SE's) let go that were on or above their numbers.

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Post ID: @1cgy+1tZGD6lV
Are we sure that historically they did layoffs before not after the earnings call?

Historically, under Chambers time as CEO, the LR's were not announced during the earnings call, but were a press release (2008, 2011, etc.) months in advance and included the # being let go, the notification dates, and the severance package details.

Under Robbins time as CEO, the announcements became part of the year end earning call, and sometimes the quarterly ones, and the notifications begin the next morning. Details of the package are only shared w/ the impacted employees who then share the details here.

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Post ID: @heq+1tZGD6lV

So they expect us to “work” the whole day and then find out if we got laid off?

Are we sure that historically they did layoffs before not after the earnings call?

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Post ID: @jgu+1tZGD6lV
The closer you stay to the customer the better off you are, the closer to are to revenue being generated the better you are

People also seem to think that the "war fighters" are the most important people in the military. What people don't realize is that without logistics, the war fighters can't fight and without IT, finance, internal support teams, development, etc., the people close to the customer can't deliver & make the customer happy.

I never see or interact w/ a customer, but without the tools I support, you customer facing guys' jobs would be a lot harder. But you're right, Cisco will stab me in the back & kick me to the curb because it saves a buck in the short term and they'll deal with the long term issues later.

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Post ID: @eoh+1tZGD6lV

Many full-time employees are just replaced with contractors. The lack of PTO, retirement benefits, and health insurance on the books helps the bottomline. Corporate America is no longer the place for stable middle class employment.

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Post ID: @fgv+1tZGD6lV

My advice: If you get laid off, enjoy the package and dont look back. The kind of indiscriminate hiring and firing Cisco does just for the F__k of it borders on corporate malfeasance and should be a topic at the next investors' call. I was RIFd from there in February completely at random along with my whole organization and we were MAKING MONEY for the software side of the business with lots of pipeline. Dont trust them, you are next. Im not going to say 'pray for those effected' or anything along those lines because being laid off from there was a blessing. Run. The F Away. That is all.

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Post ID: @agp+1tZGD6lV

Cisco has been good to me and good to many others who understand where the bread is buttered. The closer you stay to the customer the better off you are, the closer to are to revenue being generated the better you are and when you realize that there is not much need to whine and complain.

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Post ID: @izc+1tZGD6lV

Layoffs are in our blood. Even after record earnings, we did layoffs. It isn't as much about earnings as we lead people to believe.

We need to take a page out of the Starbucks book and they saw a stock price surge. A new CEO and HR leader might stop this spiral we are in. Employees are our best resource, and we continually sc--w them, take back stock options, and provide no Early Retirement. Our culture needs to change on how the employees are treated.

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Post ID: @hwt+1tZGD6lV

not sure why people are down-voting this but whatever

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Post ID: @iin+1tZGD6lV

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