FY17 LR's will be announced to the press in July. What are people's predictions on numbers this year and what areas will be cut?
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No LR this year, Cisco hiring 14000 more, please apply :)
Indian journalism is like their code and degrees- inflated and suspect. This year's annual rif will be reportable because the f the nature of the restructuring. San Jose will slim down.
It wasn't Cisco who said 14000 would be LRd it was some Indian paper and all other media outlets jumped on the bandwagon
After the gigantic c0ckup last summer when 14k was reported and the subsequent scrambling to cover that up and dilute the impact down to a more digestible number for Wall Street, i don't really expect any announcement at the end of this FY but rather the sneaky stealth layoff's to continue to be the new norm and another 7% of souls to be shown the exit.
Same as 2016
“How much time he gains who does not look to see what his neighbour says or does or thinks, but only at what he does himself, to make it just and holy.”
How much disease he gains when his neighbor's pig waste poisons the well water.
“How much time he gains who does not look to see what his neighbour says or does or thinks, but only at what he does himself, to make it just and holy.”
c---up
@4ysi Omni-shambles
rationalize ... make (a company, process, or industry) more efficient, especially by dispensing with superfluous personnel or equipment.
16 years of layoffs and this hasn't happened. What word means the opposite of that in "BRITISH?"
rationalize is new to refer to "LR" or "layoff" in the US. It means exactly that in UK.
"reorganize (a process or system) so as to make it more logical and consistent.
"Parliament should seek to rationalize the country's court structure"
BRITISH
make (a company, process, or industry) more efficient, especially by dispensing with superfluous personnel or equipment.
"his success was due primarily to his ability to rationalize production"
synonyms: streamline, reorganize, modernize, update; trim, hone, simplify, downsize, prune
"an attempt to rationalize the industry"
Would you prefer re-accomodate?
Is "rationalize" replacing "LR" as this year's euphemism for "layoff?"
Our FY planning is not complete. In GSP, we plan to rationalize at least 30 overlays to get rid of some excess there. AS sales and Services BEs supporting SP will be rationalized as well. Nothing personal, just business. We need to adapt to survive the deflationary pressures occurring in SP markets.
@MNCkNCp-3xvl: correct. There's the whole other aspect going on here to change the makeup of the workforce too. Doesn't matter how the BU or division is doing while they work on that project.
The pressure on AS is higher than ever to move resourcing to lower cost geographies - India, China, Poland. If you're in one of those, or you're a key enabler of those teams - you're pretty safe. If you're in an older technology, Cisco's pushing that to partners. So if you're an R&S guy, and no on programmable stuff - move fast. If you're a collab girl, learn Spark API's yesterday. If you're a DC guy, learn containers, App Dynamics, Cloud Centre and EVPN, forget ACI. If you're Security... umm... good luck.
SP Routing is due for some serious consolidation. Say goodbye to some SP and ENT platforms. Same for DC switching. New features in XE/ISR means killing some of the weaker security products in near. WiFi is dead, long live Meraki.
China will be a big impact, I believe
At this point, AS/Services is the only organization is Cisco if you are looking for some stability. Service Provider under YK would be most unstable / expected to be on chopping boarding every Q.
I'm not convinced that there will be a big announcement this year. I think it will be done by stealth throughout FY18. Think back to the debacle of last summer where the press stated 12-14k layoffs and ELT had to deal with that on the Earnings Call. For the CEO to have to stand up in August and announce a further round of layoffs would be an admission of defeat and likely not well received on the street. But, I agree, 10% again - engineering and SP being hardest hit.
Expect the usual 10% in Engineering/IT with cloud and cloud related projects being particularly susceptible to "restructuring". But then, as we all know, that's just the tip of the ice-burg. Cisco are laying people off ALL the time but in stealth mode where they don't have to report it and keeping the numbers relatively small. Maybe they think people don't notice or if you don't talk about it then it hasn't happened?
If you pay attention to The Beat, you would think we were the most successful IT company in the world with the most amazing leadership team in the world. Sadly, we know that is far from the truth of the matter, so this being Cisco, they might announce nothing and just LR people at will anyway.
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Thanks, this website is great,
Jeff