Confirmed there will be a massive mid-February layoff descending upon the company. Profits are not there and labor cuts is the only answer. Strap on the belts because it will be a big one.
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Thanks for the tax cuts Donald! John Chambers. More for us in San Jose.
I told you this would continue, the usual "business is bad" excuses and then hire incompetent H1B and offshore work. Oh, please train your replacements.
Multiple directors and sr managers in service prolvider routing and switching recently moved aside
Are they located in Lawrenceville?
The real thing might come soon in july
Might? Ha ha ha.
@QtqzpeS-3mflh - a lot you know about it. Scientific-Atlanta was doing well until the Cisco C-levels started playing musical chairs with the plan and the technology
Multiple directors and sr managers in service prolvider routing and switching recently moved aside
The real thing might come soon in july
Cisco should close Lawrenceville Inherited a bunch of worthless morons with a poor performing desktoop from (SA) Scientific Atlantic whose desks and office space was worth much more than their ability
Recycling Employees = Hire, use them, and more, grow...once they get expensive lay them off, and hire new college grads. Keep doing this every year as you layoff and hire new.... Son of B they use a FIFO Buffer like a Switch Buffer and Queue people for hire and layoff .... Used to be new hire, career development, pension, 401k, stocks, and then retirement ...
Cisco new strategy = Hire young and cheap; fire old and expensive, and scare the sh-- out of employees so they feel insecure and work hard.
This is a routing CFO and CEO plan that has been executed since 2009 ! It is annual reduction on Balance Sheet and R&D cost to increase Margin and show fabricated growth.
The company is loosing market shares year over year ... there is no other choice except live by a quarter and recycle cost and people ... otherwise if a growing company it will hire, expand, and grow ... they have cost challenges and is been every year.
One has to really stupid to work for Cisco. It is a paperware myth Chamber built to take away billions of stocks and share among investing banks and CEO office and leave rest in dust like a piece of furniture or an old laptop...
Cisco strategy is "Employees are like products. Once business is not good or they get expensive dump them and save cost. Of course the more Cisco pays you the more likely you are target for layoff". Good luck there are good jobs out there and Cisco is a myth . Not the old Cisco used to be in the 80s and 1990s.
There had been Layoffs in CCBU and VP of CCBU's current flagship product Enterprise(CCE) and Appliance (CCX) have been demoted to report to a newly hired VP. These products are claimed to be number 1 in the industry but there is no future for evolution.
The leadership of CCBU, is a group of dead wood of Cisco who have never done any work and will never be layed-off. Many Engineers who were making the product successful were layedoff. Just to build India centre, the group took all the Wipro Employees who were working on defects as permanent one and made them Architects.
Layoffs will effect mostly white men ages 35-55. So if you fall into that category you’re basically f---ed! Experience or not it doesn’t f---ing matter! I’ve been with the company for over 20 years and I got sh-- canned. And your severance package will blow a big fat wad of nothing. Good luck and welcome to corporate America folks !
Cisco RTP headquarters massive layoff! I’m out of a job and my whole team was cut. F--- all the VP’s sitting pretty in San Jose! Get out of Cisco while you can!
Layoffs happened yesterday. About 1000 will be affected
big round off layoffs yesterday and got hit myself... many in RTP and virtual sales org
All of Austin TS has been let go
Entire BXB site TS has been laid off!!! :(
300? Paaa, there are still a few hours left in February for an earthshaking lay-off.
I can't confirm this, though :P
Confirmed 300 Cisco employees were let go as part of this first round of layoffs. More are coming and Lawerenceville will be hit especially hard next time.
Did the February layoff happen? If so, how big was it?
I work at Broadsoft and we just recently got acquired by Cisco. I was told I am marked as a transitional employee and will not have a job past July. Any idea how Cisco's severance package will look like for me?
Cisco didn’t ruin your career, you did. It’s not up to Cisco to keep your skills up to date. It’s up to you. I had plenty of opportunities for training to keep current. Start learning new skills now while you’re still employed or you’ll find it difficult to find a job when you’re unemployed & if you’re having issues now it will only be worse then.
Heard notices may go out on Tuesday as the LO actions have been pulled in to get people off the books earlier in the year.
@QtqzpeS-Jsdi, you are very mean. I thought we are cisco family??? we are suppose to watch each others back. I hope you get timeout n sent to your room. cisco will never close lawrenville... video is one of cisco tops 5 priorities! In the meantime, I will try to move into another group in lawrenville so i can avoid getting LO. I'm just hoping to milk cisco a couple more years... 30k Bonus and until my RS are all vested.
i hope Cisco closes the LAWRENCEVILLE soon so that the questions here stop!
Seriuosly, stop asking in every f**** thread!!!
lawrenville, GA is going to be affected???!!!! guys, please tell me what i should do. I haven't gotten second interviews for a couple years and now i'm not even getting pass recruiters. My STB skills are outdated! Cisco has ruined my career!
No word on timing but everyone should know that LAWRENCEVILLE, GA is GOING TO BE AFFECTED
It was inevitable that layoffs would occur next month. Any idea if the timing ?
I have my resume polished and ready to go.
Praying for a good severance so I can bail from this festering pile of dung
How many people were laid off in January, 2018?
What is the severance package for a 20 year Cisco individual contributor is USA?
I'm quite sure this layoff will be as brutal as the January 2018 layoff and maybe even more brutal as the December 2017 layoff.
This layoff is still in play for February.
Heard additional plans around the number and locations today
Good luck
I believe it, the resume is polished to the day and the parachute is always packed.
When I was laid off in Sept. 2016, we could only get information about ages, etc. of employees if we first signed the agreement not to sue Cisco. I was based in BXB. When they held the meeting to explain how to claim unemployment, etc. everybody in the room was over 50 years of age.
The packet included a detailed list of who was let go / who stayed by age and title. Since my layoff was 1/3 of 900 in my BU, the sample size was big enough to see the bell curves. What was apparent is that they were EXTREMELY careful to balance the scale to avoid age discrimination lawsuits.
Since there is no question the older engineers were making more money (not speculation, these were decade+ employees), this leads to one a few natural conclusions...
1) some positions being eliminated were strictly to balance the scale of older engineers.
2) the method for choosing those younger engineers was a calculation and NOT performance based.
In other words, they wanted to eliminate the expensive engineers (older) so they had to balance it with younger people. By balancing diversity, age, etc they kept themselves from being sued - and since that was way more important than keeping the best people they just let a spreadsheet do the math to pick which ones. The lowest common root manager was probably allowed input (i.e person A or B), but likely didn't have a lot of say in it beyond picking which poor sap to save this round.
So the moral of the story is this - if you are still at Cisco, you have a choice - wait for payout from the layoff that will eventually come or get out while you get to decide. The severance they provide is nice, but not worth the stress of being involuntarily unemployed.
Either way, right now, STARTING TODAY, start spending 10-20 hours a WEEK getting your skills and networking in a marketable state. It takes 3-4 months to land a good job, so in the end you won't really get much from the severance besides stress. With luck you might just get LRed right when your hunt is completed.
(Hey collaboration, I am talking to YOU - Feb will be brutal thanks to broadsoft acquisition, so start preparing. The quality of your work won't be a factor when they need to balance the scales as age is the one thing they care about.)
how many Directors aged 50 and above, still in Cisco ? Why are they not LR'd so far ? First kick them out.
Basically, in your exit 1:1 you are told that this is in no way performance related. So in calculation of any bonus due your performance factor will be a 1.0. Beyond that, you get some tables that show the job title, pay grade and age of those in your department who were let go and then those that remain. Not many under 45 in the group getting let go. I think it does come down to the compensation ratio, your age and whether you are politically connected as to your chances of survival. May Reorg victim.
If you are over 50 Cisco puts a target on your back. I know because I am gone. No concern for you at all. It's all about the shareholders who happen to be all of the Cisco executives.
Nonsense. There is a good reason for larger layoffs to historically always happen in Q4 announcements. It finds a bigger financial audience and results in better response from the finance markets.
Of course, layoffs will continue in small pockets here and there. But there is absolutely no evidence or sound logic to a large February layoff.
The only people left at Cisco are politicians and hatchet men.
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Acquire startup
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Integrate startup into Cisco
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Startup employees quit
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Sell startup's product
repeat
Cisco will never offer a retirement package again. They lost most of their best people. Nothing left but an empty shell now. Only thing they can do is buy companies and digest them until the bank runs dry.
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Cheers, Fibonacci