Up to 32% of FTE and contractors will be cut over a 3 month period.. CSCO wants to slim down. All L2 mgrs and their directors have been instructed to provide an excel spreadsheet of individuals to be cut. Some teams will be completely obliterated.
If your mgr or dir stops saying hi to you, that's a tell tale sign that you are on the list. Some of the planning will take place offsite to avoid tipping off the "victims".
This is from 2017
Every
Single
Year
Saving money is the key word in today's world. How much you can save out of your monthly pay check, try it.
To @N5cC9RT-6Npas what a a-- hole, Hopefully tRUMP and his crooks are in jail by the end of the year. Post on Facebook or some other site about your political views
move it to September. layoff is coming. Parts counters and CAM.
@5Ttpt: Blah, blah, blah. Nice cut-n-paste job: http://westhavenvoice.com/editorial-52/
Agree or disagree with the conclusions of Inspector General Michael Horowitz’ report on the Clinton email scandal, there is one thing the report does highlight: the elitism and hubris of those who think themselves the Progressive establishment. There is no doubt that at the top of the Justice Dept. and the FBI considered themselves part of the vanguard of Progressives that would lead the nation into a new Enlightenment, begun by Barack Hussein Obama and continued by Hillary Rodham Clinton.
It is a tale that explains Progressivism and the Left Wing establishment that has oozed its way into the body politic for more than a century.
Progressivism, at least in its current form harkens back to the turn of the 20th Century, and coming to the fore just prior to the United States’ involvement in World War I. It espoused a government of educated and elite experts, who would guide the nation into efficiency and prosperity by making decisions for the citizenry.
Considered too backward or too uneducated, or too involved in making a living for their families, the educated elites would bear the burden of responsibility becoming a benign force for good.
The problem with this and any similar philosophy is it fails to take into account the fact that, human nature being what it is, two things could happen: benignity becomes callousness, and concern for the “underling” becomes entitlement.
Looking at the emails and text messages sent not only by Peter Strozk and Lisa Paige, but those designated at Attorneys 1 and 4 in the report indicate that there was nothing benign in their regard for their fellow citizens. Those, who did not see the world as they, were quickly shuffled off as not worthy of their regard. They were seen as backward and uneducated. Their fellow citizens disgusted them: Trump voters were “all poor to middle class, uneducated, lazy POS (use your imagination) that think he will magically grant them jobs for doing nothing.”
The report shows a ruling class that believes itself entitled, above the norms of society, and above the law. The goal of making the nation follow their lead is more important than societal norms, and, certainly, more important that following the same laws as the great unwashed.
This report, taken in a wider context, is exactly the way the entertainment industry, the political classes, and those in academe see the nation as a whole. One need only look at the way the media, entertainment and academe treat President Donald Trump, Trump voters, and the mass of people that live west of the Hudson River and East of the Sierra Madres.
Trump was elected because of and in spite of the entitled groups of people who have morphed the Divine Right of Kings into the Divine Right of the Elites – though most would eschew the idea of any divinity.
These same elites are – somewhat successfully – breaking down the bedrocks of society with neo-bourgeois ideas of family, s-x and gender, marriage and a myriad of other things. When opposed they react not as educated, responsible citizens, but as angry children, looking to shut down debate and belittle their opponents. One need only look at the silliness on today’s college campuses to see this.
Reading the IG’s report is looking into the way the nation is separating into warring factions that have diametrically opposed world views, with little hope of coming to any agreement.
These factions are seen in our politics on a daily basis, with the Left becoming more and more violent and intractable. Indeed, the Progressivism of the early 1900s has become, like most movements, a third- or fourth-generation idea that craves the power but lacks the empathy needed to be effective leaders. Instead, it breeds a tyranny and intolerance.
The Inspector General’s report sought to recount and explain the failures of the leaders of the Justice Dept. and the FBI in investigating the crimes of Hillary Rodham Clinton when she violated Federal Law by having a private server. What it did was recount the hatred and intolerance of a ruling elite that was attempting to shield its hoped-for leader and its hoped-for policies, bypassing law and common decency in order to accomplish it.
The report is a look into the minds and hearts of those who see themselves as the entitled ruling class of the nation and the contempt with which they hold anyone who does not see the world, or the nation, as they do.
Agree or disagree with the conclusions of Inspector General Michael Horowitz’ report on the Clinton email scandal, there is one thing the report does highlight: the elitism and hubris of those who think themselves the Progressive establishment. There is no doubt that at the top of the Justice Dept. and the FBI considered themselves part of the vanguard of Progressives that would lead the nation into a new Enlightenment, begun by Barack Hussein Obama and continued by Hillary Rodham Clinton.
It is a tale that explains Progressivism and the Left Wing establishment that has oozed its way into the body politic for more than a century.
Progressivism, at least in its current form harkens back to the turn of the 20th Century, and coming to the fore just prior to the United States’ involvement in World War I. It espoused a government of educated and elite experts, who would guide the nation into efficiency and prosperity by making decisions for the citizenry.
Considered too backward or too uneducated, or too involved in making a living for their families, the educated elites would bear the burden of responsibility becoming a benign force for good.
The problem with this and any similar philosophy is it fails to take into account the fact that, human nature being what it is, two things could happen: benignity becomes callousness, and concern for the “underling” becomes entitlement.
Looking at the emails and text messages sent not only by Peter Strozk and Lisa Paige, but those designated at Attorneys 1 and 4 in the report indicate that there was nothing benign in their regard for their fellow citizens. Those, who did not see the world as they, were quickly shuffled off as not worthy of their regard. They were seen as backward and uneducated. Their fellow citizens disgusted them: Trump voters were “all poor to middle class, uneducated, lazy POS (use your imagination) that think he will magically grant them jobs for doing nothing.”
The report shows a ruling class that believes itself entitled, above the norms of society, and above the law. The goal of making the nation follow their lead is more important than societal norms, and, certainly, more important that following the same laws as the great unwashed.
This report, taken in a wider context, is exactly the way the entertainment industry, the political classes, and those in academe see the nation as a whole. One need only look at the way the media, entertainment and academe treat President Donald Trump, Trump voters, and the mass of people that live west of the Hudson River and East of the Sierra Madres.
Trump was elected because of and in spite of the entitled groups of people who have morphed the Divine Right of Kings into the Divine Right of the Elites – though most would eschew the idea of any divinity.
These same elites are – somewhat successfully – breaking down the bedrocks of society with neo-bourgeois ideas of family, s-x and gender, marriage and a myriad of other things. When opposed they react not as educated, responsible citizens, but as angry children, looking to shut down debate and belittle their opponents. One need only look at the silliness on today’s college campuses to see this.
Reading the IG’s report is looking into the way the nation is separating into warring factions that have diametrically opposed world views, with little hope of coming to any agreement.
These factions are seen in our politics on a daily basis, with the Left becoming more and more violent and intractable. Indeed, the Progressivism of the early 1900s has become, like most movements, a third- or fourth-generation idea that craves the power but lacks the empathy needed to be effective leaders. Instead, it breeds a tyranny and intolerance.
The Inspector General’s report sought to recount and explain the failures of the leaders of the Justice Dept. and the FBI in investigating the crimes of Hillary Rodham Clinton when she violated Federal Law by having a private server. What it did was recount the hatred and intolerance of a ruling elite that was attempting to shield its hoped-for leader and its hoped-for policies, bypassing law and common decency in order to accomplish it.
The report is a look into the minds and hearts of those who see themselves as the entitled ruling class of the nation and the contempt with which they hold anyone who does not see the world, or the nation, as they do.
Don’t have solid info, but doubtful. Putting aside the large scale investment domestically in 2016/17, any customer facing offshore outsourcing is a corporate decision, and it’s not aligned with current philosophy.
Wow
They want share price to touch $80 by end of the next year. The only way to do this is by doing share buyback and by LR. Directors and their Managers will enjoy the party.
They just did this in Erie PA. GE Transportation. They are not done yet! Some good people got cut. Doesn't matter who you are.....
Sure you didn't get LRd because you went on and on and on and freakin on. God I bet you are one arrogant dull MF.
My personal experience or suggestion.
Even I was into a similar situation and this had happened with me few months back.
And I was in in this situation because I had a big conflict with my senior manager. And senior HR director got involved and tried to settle the matters. And to my surprise, after few months HR called me for a meeting.
And HR told me that your position in close and you need to send an official resignation letter.
So obviously maintaining my calmness on my face and voice, I asked politely sir may I know why is the position being close in the first place? I wanted to know the reason because I have been working consistently for 12 plus years and in my 12 of years of service I have also received best performer awards many times.
To this HR told me that position is actually eliminated from higher-ups only for nonavailability of projects. I just interrupted here and said actually I see that plan is not to eliminate the position but to eliminate the person here.
I could see now HR was bit furious and tried all his orators’ skill at his best to force me or convenience me to put down the paper.
But I was adamant to my ground like a military soldier. And for every question or suggestion of HR, I had only one answer “you have all the power and authority in your hands and you can do whatever you feel correct as per company policy. AND I WILL DO THE THINGS WHICH ARE UNDER MY CONTROL and the things which are out of mine control, I will not worry much about it.”
Here I did not say a word about legal things or option I was thinking about at the back of my mind. But I’m sure the HR must have got some clue or idea to what extreme I could go to save myself and to save my family from getting into trouble. Because in 12 years of my experience I have learned that corporate world is like a jungle and only strong people/animal can survive. No emotional feelings or human kindness will work only Business profit making logics will work in the corporate world.
And I wanted to make some important point for all the working individual out there.
Don’t be nervous or get into the panic in a difficult situation. Instead handle it calmly and think of all the options legally or illegally yes you heard it correct illegally also, but only if your’s legal option doesn’t work out as per the plan. As its matter of survival of you and your family. And in future HR or management must think 10 times before firing anyone just to save some cost.
And finally, give some thought on and search in google. Sure you will get some moral ideas by knowing the facts.
Why in world still poverty is there?
Why only the Top 1 Percent Owns Over Half Of The World's Wealth?
Why CEO Pay Has Grown 300 Times Faster than Typical Worker Pay Since 1978?
Why the rich get richer and the poor get poorer?
Why don’t greedy companies pay their employees higher salaries?
How can an individual change all this? Or How can we Change the world?
Companies exist to make a profit. They do not exist to social engineer, to provide income for people. If companies could make money and not actually do anything, they would implement this business model overnight. A tiny number of people understand this, and they are members of the Establishment, so they will always have the top jobs, as the Establishment looks after each other, covers their own backs. How else could you explain Hurd landing a senior job after his disgraceful performance, or even how Meg is still in charge. There was a time when being the best I T support company, or making the best laptops, printers etc. in the business was important. Not now. As long as the shareholders get dividends, the management will get huge rewards, the workers will continue to beg for crumbs from the table. Time for people to wake up.
This sounds like what other big companies are doing world wide to separate the income level of people.
I am now retired. After 45 years in this business no matter where you work you will find that most jobs are stepping stones in your career. Very few of us in the private sector will go from college to retirement with a permanent pension. Open your own business as a backup for your job. When you own it no one can let you go.
I believe it being done in 'waves' with 16-18 month pre-planning cycle... 1000's of new graduates from are being brought aboard with a communication and political science degrees that did not scale up Big Four 'case interviews'. The most difficult IBM interview question :" How would you feel if we would ask you to travel tomorrow ? "
This is a long thread
I wrote the spreadsheet and made sure my name was in it!
We saw over 1000 people laid off at our location over the years. The big ones have come this time of year and after the FY. Buttt Cisco will lay off any time of the year in small unannounced layoffs. They have made that very clear over the years. You are never safe at Cisco. The only thing you know is there will continue to be more layoffs. Heard a co-worker say years ago their VP went to a meeting in SJ. One of the topics was the average age of the workforce. The concern is they wanted the average age to be lower like from 28 to 26 or something very close to that. Cisco very much participates in age discrimination as previous posters have mentioned. They pay well but its really a temporary job for many, ask anyone. Yes there are some people that have been there a while. They are either high up, know someone, or their group is profitable.
The date on the internal doc says the date is the 18th.. Got some very official - 'un-official' proof today.. problem is that the full scope is not revealed in the data I was made aware of.....
Not to mention the snowflake millenials...
If you aren't changing jobs every few years out of college you're leaving a lot of valuable experience and money on the table. This was just as true for the baby boomer generation as the latest generation so you clearly missed out.
Not to mention the snowflake millenials just won't tolerate the sort of abuse the older hands take for granted, and so are out the door with undue haste (good luck to them I suppose). So, the more experienced have to pick up the slack whilst we try to recruit and train up replacements. And mentoring. My God, barely a month goes by without being asked to pick up yet another mentoring gig for some d---beat recent hire to try and "increase their effectiveness." Of course, managers are too busy doing diversity training to actual try to develop their hiring mistakes.
@9qyy - and yet, in every team that has pursued that strategy of 'hire two G7s for the price of a single G10/11' performance has suffered. The G7s have been largely ineffective and the pressure on the remaining G10/11s has been immense to carry them.
Why does Cisco persist with this failed idea? Oh yeah, because a beaner is pulling Chuckie's strings.
Your group can have as many employees as they would like, as long as you don't exceed budget. Grades 12, 11, 10 will be gutted at individual contributor level for Grades 7,8,9.
If you cost "excessive" $, you have no future under CEO Kelly Kramer.
Next Early Retirement, please...
Layoffs are coming but Cisco is not firing at all places. Of course US will face the brunt but low cost centers like Mexico, Krakow and Bangalore will continue to hire eggs. I the end it's also about wage costs but not about number of employees. Folks in US/Canada western Europe , Australia, Singapore need to worry
change jobs yourself or change will be forced upon you. It's the difference between a power boat driving upstream and a log floating down being pushed to wherever the current decides
Whoa!! 32% could be a way for CSCO HR to prepare us for some massive layoffs but not at that scale. I'm hearing chatter that it will be 10-14%. Me and my buddies have our resumes ready and we are actively looking in case the shoe drops. Our mgr has not been seen in the office for 6 days now, wondering what he is up to (he is not on PTO). LR or not, life will keep rolling.
The writing is on the wall with the sale of more buildings means more slimming down with businesse units not making money.
About time. Gotta fund all that great marketing that our vendors are rewarding us for.
No. Rsus are rare. Just go to the Chosen Ones to retain.
Large Israeli businesses paper is reporting 150-200 to be laid off in Israel in the near future. Mainly ex-nds.
Retention RSUs? Sounds like whole company / all groups got RSUs? I didn't.. s---ers.
If the year looks bad, they might make May big. Take the charge in this bad year. Get as much poison in one year. Did this in 02, 09, 11. Don't assume it has to be August.
The 25% bonus and retention RSUs indicate a tough year.
It happened but in small batches. No mass layoffs
People also posted about a significant layoff before the previous earnings call. I haven't heard about any layoffs yet.
It's happening in May starting after the earnings call on the 18th. Going to hit U.S. Based workers first. The good thing about Chucking is that when he needs to course correct, he does it quickly
I highly doubt a massive layoff will occur in May. Historically speaking layoffs are in August/September
I actually believe these are posted by HR to make other actions look small.
I started in November 2016 can I still be affected?