Thread regarding Cisco Systems Inc. layoffs

You guys are great! I was able to tell my ex-boss which page to got to, (page 10), to read the "lump sum" payment info. He was shocked.

I just got fired. Severance package is good. More later...

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Post ID: @OP+IWPdv4X

6 replies (most recent on top)

congratulations!

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Post ID: @1xxt+IWPdv4X

Can you have payroll pay beginning of 2017 to save some taxes ?

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Post ID: @1uzm+IWPdv4X

Glad I was able to help

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Post ID: @rpz+IWPdv4X

True that in the lump sum payment taxes will be withheld at a higher rate BUT you should be able to get back whatever you really paid at tax time so jump on it 1st week in Feb when you get all your docs and get your refund early.

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Post ID: @lgr+IWPdv4X

50-60% of that will be eaten up in taxes. Be sure to check the NET sum.

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Post ID: @pan+IWPdv4X

And how does this make us great exactly? Cisco paying good to LR?

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Post ID: @umt+IWPdv4X

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