On the eve of Layoff notifications, and the day after cisco is hit with a $1.9billion dollar patent infringement settlement, there is apparently a celebration underway - Happy CX Day, everyone! This kind of stuff would have never happened under the... — read more
401k no penalty CARES act distribution if accepting voluntary package?
I wonder if those who accept the voluntary LR package can qualify for the $100,000 401k early no penalty distribution ? https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers
$1.9B Face Slap
https://www.bloomberg.com/news/articles/2020-10-05/cisco-must-pay-1-9-billion-in-patent-trial-on-network-feature
How will we be notified if at risk?
Will my manager reach out or will it be a web letter?
UK terms
Anyone know what you get in the UK if LRd?
How nice to cut the Birthday cake when you know you may get laid off any moment!
Not sure to be excited about my Birthday on the 7th or be skeptical abt the lay offs.If targeted would be the worst Birthday gift ever :(
Security acquisitions cost cisco 1.9 billion in IP theft claim
It is bad enough that cisco is overpaying for these marginal johnny-come-lately security startups, but now they are costing csco more because these startups are not even original ideas to begin with
IPF not bad, no stocks
Anyone is the same?
Save a Billion only to lose 2 Billion...
Pretty much sums it Net loser !
Now we know why $1B OPEX is needed
https://www.reuters.com/article/us-cisco-systems-centripetal-networks/cisco-must-pay-1-9-billion-in-patent-lawsuit-u-s-judge-idUSKBN26Q2VX
Cisco must pay $1.9 billion in patent lawsuit
(Reuters) - A U.S. judge on Monday ordered Cisco Systems Inc to pay $1.9 billion after a Virginia company accused it of infringing patents related to complex computer network security functions. S. District Judge Henry Morgan in Norfolk... — read more
Tax implications of voluntary severance / separation package?
Any idea how these are taxed ? If folks decide to take voluntary separation package ? How much are they offering ?
1.9 Billion Patent Infringement Explains 1 Billion LR
Rueters: Judge orders that Cisco must pay 1.9 Billion in damages for Patent Infingement.
Is LR list out to managers ?
Is Wednesday LR list out to managers ? I asked my manager on friday about it and he is not aware of the LR list as of now. I'm guessing he doesn't want to reveal anything now. Does anyone has idea about this ?
How many will be laid off?
Anyone has any credible info about the headcount reduction? I am 42 and i wasted my life in this junk place, have very little skills also that anyone will care outside Cisco.
Work from home located in another country
'Work from home' is quickly morphing into 'work from home located in another country', not just at Cisco, but businesses in general. Hmmmm
LR is delayed for 3 months
Per the check in from a week ago the layoffs have been postponed for 3 months. A colleague had told me about it so I went and reviewed the check in and he was correct. We will see what happens in 3 months.
LR based on salary or salary + experience + IPF?
Is there any formulae for LR like they have for ER . Is it only based on salary?
Has anyone ever survived low IPF ?
Did you personally, or do you know someone who survived low IPF, i.e. wasn't laid off in the next round of lay offs ? I understand low IPF certainly increases chances for being laid off, and I believe it will also make it impossible to be rehired... — read more
Congratulations to all early retired Cisco employees
All Cisco ERs batch of 2020, Congratulations!!! We wish you healthy, wealthy, peaceful, happy retirement. Your decision saved job for few thousands young Cisco employees. Hats off to you !!
Opportunity Knocks and the Attitude S---s!
I am surprised (even with the LR and turmoil) that so many people I work with give zero f&cks about the quality of their work, the company they work for, and that the opportunity to innovate and rebuild is knocking at the door Maybe it’s time to... — read more
Is there an IPF that guarantees you are safe from Oct 7th layoffs?
I know that for the ER plan, people couldn't take it if their IPF was >= 1.4
1b. in LR's while giving 100ml to charity's... Humm...
This company's leadership has become more focused on social and political issues and less on the business results and company's direction.
Future State of Contact Center
With the massive departure of senior and specialized groups within the Contact Center group, how confident are we that there will be any meaningful CC organization in the next 6 months? We still have two more rounds of layoffs, and already it feels... — read more
What about acquisitions??
I work at a company that Cisco announced they would acquire over a year and a half ago. Still has not closed the deal. But should I be worried? I read the articles here and it does not look like something to look forward too. Comments???
CX San Jose
I heard CX will be hard hit and TAC finally shutting down after years of speculations. Who will take over their work?
Development in China
Is anyone else worried that Cisco could loose certifications with USA dod etc due to all the developers from China? Not sure how long before green boxes are treated the same as Huawei
This is just a stepping stone
Is there anyone else but me who thinks this company is not stable enough to end a career with? I was told when I first began to give it between 3-5 years and should move on. Looking at the direction we’re headed I am not sure I will be here that... — read more
Workforce Transition Option
The Workforce Transition Option dates are: Oct 7 '20: Phase 1 pre-notification that your job is "at-risk". - Option 1: Optional Choice program, i.e. volunteer to be terminated and take a package - Option 2: Step out leave, i.e. take a leave... — read more
Bonus?
Will you get a bonus notification if you're on the "at risk" list next week?
Security
Are they trying to sell it or just spin it out and retain ownership?
FTD
Is Cisco going to start over or ride it out since firewalls have decreasing relevance??
Dec 4th layoff is rumour or confirmed ?
After 7th Oct layoff, is Dec 4th layoff is rumor or confirmed ? any thoughts
How bad witll Cisco MultiSite/Cisco ACI be
I am worried because my manager has told me nothing. The fear is finally getting on my nerves. I think MultiSite/ACI are still hot and nothing will happen? Do you people know what might the impact be like?
Smoke and Mirrors
This company is actually run by magicians and its all smoke and mirrors! The CEO primary trick was to inflate the stock price through stock-buy instead of investing in innovation while the CFO specialized in accounting tricks she learned at GM. ... — read more
Cisco IT management is a Mafia
Managers and management recycle oldies with vendor resources. They want people who do not question and say "yes" for everything. Managers do not work, no skills and if kicked out wont get job in grocery stores. For years have established well network... — read more
Cisco missed the boat(s) again.....
Over the years, Cisco had missed major technology transitions. These missed opportunities is costing the company pain that we are seeing today. The yearly layoffs are a sign of the company struggling to drive new growth. With the massive amount... — read more