Thread regarding Cisco Systems Inc. layoffs

LR Separation Benefits

30 days to termination date (still employeed)

45 days to sign the termination agreement

2 months of outplacement services (4 months if I sign the agreement)

pay-in-lieu benefits

• 30-days base pay immediately following the end of the transition period

• 30-days PTO accrual pay

• 30-days COBRA premiums

• accelerated equity awards - unvested options that would have vested in the next 210 days

Year-end bonus eligibility

Separation benefits if I sign

• 3 months base pay

• an additional 1 week base pay for each year of service (10-19 yrs)

• an additional 2 weeks base pay for each year of service over 20 yrs

• 3 months COBRA cost coverage if 10 years of service

• 1 year to exercise vested stock options

I stopped working weekends and working past 5pm when they no longer gave me RSU/options. I'm no longer owner in company, its just a job. When they ask me to do something beyond 8-5pm, I say show me the RSUs, then they go quiet.

If what is being said has some bases in fact about using "layoffs" as a pretense for replacing older workers with younger ones, then this appears to be a strong case for an age discrimination EEOC action. My words may not be more than just "venting" food for thought for those of you who lost your jobs, but it might help to have something else to consider other than the bad pill you all just swallowed. Also, consider the culture of that place just revealed itself as one which is at best unhealthy & not worthy of your talents. Best of futures to you all.

I guess both, first, you are almost 50, you must go to work early and leave as late as possible, but you don't care of this and be put into the list by youslef.

I quit a couple of years ago when they shorted me on my bonus. I found out that just about everyone I knew older than 43 received less than the target, and the younger people received target or above. They have been laying off Baby Boomers and Gen Xers for years, but kicked that into overdrive after I left.

The executives generally don't really understand technology or respect technical people. People who do well there usually are those who single-mindedly focus on advancing their own careers without any thought for other employees or the company's advancement.

Cisco tries to be what they perceive Google or Facebook are by hiring a bunch of young people out of college. Once they are in the door, however, any innovative ideas or solutions will be stolen or quashed. I doubt many of them will stay too long.

You are intelligent (CCIE!) and have a great work ethic (working Sundays for the greater good.) You will land on your feet...I hope at a place with WFH.

I wish you all the best.

Stay relevant. Move up the stack, networking will be a feature not a business. Learn full stack engineering lien aclud architect at AWS or Google would be expected to know, or how tonwxrip that, as AI and automation will replace you in 5 years. Always stay ahead of the field. CCIE isn't a lifetime cert like MD.

What makes your LR agreement "golden" --- would love to know how you are being treated.

What's your LR package like?