and bonuses are tied to overall company performance - bad bu like collab gets a free ride on succes bu like security
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revenue per qtr on average has been 12b for 6 years running now since 2013.
in the meantime the employee matrix has changed - so wage bill must be lower. i cannot think of a single g11+ i saw joining in and around me in that time and plenty of departures.
the ideal BU structure per a weasel g12 manager who had a unguarded moment with me is a layer of 1st and 2nd line managers , and nothing but G8 to manage bugfixing, CAPs and triages.
some parts of co are getting to a state where even routine maintenance releases are struggling.
csco has the problem that its core business is declining 5-10% y-y.
definitely true for routing esp service provider. hence the never ending budget cuts and LRs. that business line is a real mess. ofcourse its hidden financially under various rugs and silos. bad code quality, late, poor quality bgl teams...and most importantly poor leaders from 1st line manager up.
csco has the problem that its core business is declining 5-10% y-y. security and collaboration can't make up that gap and growth rates are flat to declining
End of fiscal year signifies an LR. Why do people still ask this? Every year for 8 years from my count, maybe more. Why would this one be different?
Growth is well below what the stock price supports.Major Opex cuts are how we report +1c for the markets to keep the stock from collapsing