@Ko4JwPu-7mds: You are wrong.
2 months pay in-lieu of which the first month is you not having to come to work. The second month is paid in cash with the additional 3 months "Separation" on top (for under 10 years).
Then add any unused PTO to that and the $ you get to cover COBRA.
Sweet deal, I am taking it and whistling as I run for the door. I hope the next round that comes (Feb?) offers the same thing for those who wanted it and didn't get it.
Go be very silent on these boards. Peeps got work to do.
To answer original question. YES most peeps working below par and looking over shoulders. Top leadership talking a lot but nothing from country GMs or VPs...too busy to talk to your own worker bumble bees.
Severance in the US is 3 months + whatever extra for your length of tenure. Not 5 not 6.
Now, it's 5 months with 1 week per year for 10-19 yrs and 2 weeks per year for 20+.
I guess I left out the word "additional". I should have said "Now, it's 5 months with 1 additional week per year for 10-19 yrs and 2 additional weeks per year for 20+." This was the US package.
Examples:
<= 9 yrs of service = 2 months pay-in-lieu + 3 months severance
10 yrs of service = 2 months pay-in-lieu + 3 months severance plus 1 week's base pay
19 yrs of service = 2 months pay-in-lieu + 3 months severance plus 10 weeks' base pay
22 yrs of service = 2 months pay-in-lieu + 3 months severance plus 16 weeks' base pay ( 10 weeks for yrs 10 through 19 @ 1 wk/yr plus 6 weeks for years 20 through 22 @ 2 wks/yr )
Clarify isn't it not one week per year for those over ten years, but 1 week per year for every year above 10 years!!!
... manager announced today at team meeting that they are opening reqs for grade 6 or graduates ... It will be exact same work as we were doing so our "positions" were not made redundant, we were just clearly too expensive! It really is enough to turn your stomach.
Yep. My team too, except that they started hiring contractors BEFORE the LR.
The remainers truly envy those laid off. At least they got a sweet deal out of leaving and are working somewhere better no doubt.
The deals are slowly getting worse. In 2011, they gave 6 months severance/COBRA, but it was a "one-size-fits-all" package and no accounting for tenure. Now, it's 5 months with 1 week per year for 10-19 yrs and 2 weeks per year for 20+.
Hopefully everyone let go is working somewhere better. I know one person who took a contract position and one person moving to take a new job. Several others I know are still looking after 90 days. Yeah, I'd be jealous of those people.
Don't wait for the package. Look for jobs on your terms and take the best one you find so that it's at your best interests and not at Cisco's best interests.
Was LR'd in October and just heard from a from a buddy that my ex manager announced today at team meeting that they are opening reqs for grade 6 or graduates and to refer any recommendations directly to him for chance at referral bonus! It will be exact same work as we were doing so our "positions" were not made redundant, we were just clearly too expensive! It really is enough to turn your stomach.
The H1B dudes in the BU are all sad. Some don't even eat lunch these days.
Morale is atrocious. We had 2 in our team promoted and neither of them feel good about it. Both promotions were well over-due and just enough to put them at the bottom of the promotions list for 5 years and the top of the LR list no doubt.
Virtually everyone is interviewing or assessing their options. No good news or compassion. Already had several resignations and it's only going to get worse. Those left will pick up double the work and get a load of grade 7 grads they'll be expected to train and mentor (a few is great, having them comprise more than half your team is not).
The remainers truly envy those laid off. At least they got a sweet deal out of leaving and are working somewhere better no doubt.
I was laid off in Sept in Boxboro. The morale there has been extremely low for years. Have to say - rightfully so.
Low is an understatement. Everyone in UK sales is interviewing for jobs outside Cisco, even top performers, as performing is no longer valued at Cisco as the latest LRs revealed. I had an interview at competitor last week and as I was getting in my car, one of my colleagues drives in and he's one of the ones who was supposedly happy. I suspect there will be a lot of resignations after Christmas and hopefully I'll be one of them.
It's interesting though that management haven't done a single thing to try to hold on to or reassure the people who remain. It's as if they are so confident that those who remain are grateful to still have a job, they don't need to. Here's a message to management if they are reading, do something now to settle nerves or be ready to loose a lot of good people very soon.
I asked an engineer what he was working on he said I'm working on a piece a code but not sure how it's going to work on our product SMH
The "Why even bother" blues is contagious I guess the raises can't cure it.
Everybody trying to protect their own interests now as we anxiously look over shoulders waiting to be next to go.
You can't protect your own interests. There were key players LR'd just before rollout/delivery/implementation of stuff important to that BU. Management didn't care that the other people working on the sidelines suddenly got pulled into the game without knowing all the details and risking a failed implementation, or at the least looking bad in front of the customer, executives, etc.
I'm getting a lot of emails from LinkedIn telling me to check out my network's new skills, etc. Everyone I knew at Cisco is suddenly updating their profiles. Morale has to be very low.
There is some truth in it... It's amazing, what recent LRs (and especially - what type of people was impacted) and raises/promotions afterwards, did. The predominant feeling for people who got rewarded, is now "does it mean I'm next on the chopping block?" and/or "I feel like a looter on a grave of my colleague" or "is it a bribe so that we don't complain?" - at best.
From the people management perspective, the way how these things have been played out, is a total disaster. It's really hard to screw promotion/raises cycle, so that it actually lowers people's morale, but seems that Chuck & Fran managed to do so. Amazing.
But I guess that's what happens, when you have CEO who can't stand up to CFO.
@lgu I like the OPs spelling because there is a moral to the morale but I bet you are one of those trolls who would rather worry about someone's spelling rather than the real issue typical Cisco manager mentality you fit right in.
LOL. That's quite the Freudian typo, OP.
Morale stinks around here. Trying to mask the smell of $hitty LR's with pitiful payrises isn't working any more. This collaborative teamwork is a joke. Everybody trying to protect their own interests now as we anxiously look over shoulders waiting to be next to go.
Not in my case. Have just been promoted, and got nice salary bump :)
@oiq - Enjoy your promotion & raise. You just moved higher up the list for the next LR. I bet your co-workers just love being around you too.
I got a promotion & raise too, just at a new company that doesn't have a record of annual layoffs. And I got 3 months extra wages out of the deal.
Today I scheduled a weekly meeting for a year and received the same questions. "Are you sure that we will still be here the next year?"
Sad to see the undeserving receive salary bumps after layoffs. It's sickening to see some of these lazy snakes with pay raises and other hard working discriminated people get laid off because of age. Disgusting.
@Ko4JwPu-oiq Awesome. Enjoy it. We'll see you here next August. It'll be your turn 'in the barrel'.
I'm just here to collect a check and mentally gassed.
What do you think, prick!?
We need employees that are Digital Ready for a Digitization era. So study up on digital - forget analog.
Merry Christmas! Nothing like a holiday layoff!!! A--holes ...