Some people are saying that since the ER package, as compared to 2011 has significantly less benefits, it is better to wait for the LR. How sure can you be that LR package won't be scaled down too (by as much as 50%)? LR package is not a right. — read more 

Reading this thread as a former Cisco employee, who accepted an LR package and moved on after almost 2 decades at Cisco. I’m dumbfounded at the negative comments regarding the ER package. You all sound like a bunch of entitled babies. Like Cisco... — read more 

I left Cisco quite a long time ago, but always had a soft spot for it and my former colleagues. Am I reading right that the offer is "Take a 20% pay cut, work the same hours and if enough people do it, we may not have to make anyone... — read more 

Is Cisco Capital. We are a lean organization and probably the best managed. If you want to cut, Chuck, look elsewhere.

Sep 2: Last day to accept ER Sep 8: Cisco Accepts (or declines) your request Sep 21: Early exit date ( upon approval) Oct 5: Sign ER papers and normal exit Oct 12: Last day to Revoke ER acceptance and get reinstated Oct 7: ... — read more 

I remember two San Jose folks who took the 2011 deal selling their homes and taking the ER $ and "R"etiring. Legitimately. Sounds like this ain't that.. My neighbor was offered the ER. I was LR'd three years ago. Essentially the current ER... — read more 

Relax. I have been through this twice before. Once when Nortel went out business, and then again when Lucent went out of business. It’s just the natural course a company takes when it’s been run by id–ts and thieves while shareholders are none... — read more 

When I saw the ER offer Like everyone I was disappointed because it didn’t look anything like an ER package. Market ERs usually include 1 year salary and a 401k match. This has neither, it’s a LR package if you want to opt in. This ER exercise is... — read more 

Working with cisco all these years amidst the fear and stress of constant layoffs makes me think how much we missed out on life events, August layoffs coinciding with my kids new school year not able to enjoy that as fear of layoffs looming , rumor... — read more 

reminds me of universal health that politicians opted themselves out of. imagine a cisco high n mighty dropping their golden chute for this garbage plan

Pay attention to the accelerated vesting schedule for RSUs. You get 4 months, meaning RSUs beyond Q2 are left to expire.

Any guesses on how many reds will be let go? It seems like most of the conversation has centered around blue badge layoffs. But I imagine they have already calculated ref badge cuts into their plan before announcing LRs? Will red badges be minimally... — read more 

just received my offer and immediately clicked accept have four job offers waiting for me 4 bonuses worth of ER money

I'm a recent csap grad in emear and I have no idea how to make heads or tails of this. Seems we did reasonable considering the challenges of covid. Should I start looking for another job? Take the 80% (I could probably do my required work in 3 days)?... — read more 

Is there a way to avoid some taxes this way? I find the maximum contribution limits confusing as to how much over-50 workers can direct to 401k. Is it just the catch-up amount?

Upvote this thread if you like this ER, downvote this thread if you do not like this ER

Has anything been said about being able to participate in the Retiree Medical Access Plan (RMAP)?

One of the reasons why Cisco will come back stronger after the layoffs is because this work from home "culture" has proven that you do not need a million managers, a million meetings and a billion PowerPoint slides to accomplish something. The... — read more 

SAN DIEGO, Aug. 18, 2020 (GLOBE NEWSWIRE) – The Shareholders Foundation, Inc. announces that a lawsuit was filed by the California’s Department of Fair Employment and Housing against Cisco Systems, Inc over alleged discrimination toward an Indian... — read more 

This package is the equivalent of a single wide trailer

For folks in the US. given the time it takes to get a GC and citizenship, most who are US residents are around 45-50+ . And, if folks with H1B cannot opt for Option 2 (20% cut in pay, am happy for them!), no offense! Then, option 2 applies to US... — read more 

about half of what was offered in 2011: 9 months base salary plus 1 week of Weekly Base Pay for each completed Year of Service from the 10th Year of Service to the 19th Year of Service; and (ii) 2 weeks of Weekly Base Pay for each completed Year of... — read more 

Suppose Cisco gives you a year's salary as part of the ER/LR. Do they give you a lump sum or continue the bi-weekly payments? If they give you a lump sum the income tax would be severe unless lump sums like this are treated differently from... — read more 

There is no future in hardware. Even with Cisco ACI most customers are refusing to adopt it once they get a taste of how they accomplish the same thing with cheaper in house clouding computing (openstack) or external cloud like AWS or GCP. Way too... — read more 

Anyone get the email outlining the ER package? Still waiting. I love how, other than giving vague brush strokes about your impending EOL, you have no idea about how it's going to happen. Who sends the email, Fran? My manager? My director? My SVP?... — read more 

https://www.crn.com/news/data-center/dell-hires-cisco-canada-president-as-new-global-channel-chief ‘I have a degree in getting things done. And getting things done really quickly,’ says Rola Dagher, Dell Technologies’ new global channel chief... — read more 

I see lot of junk people who just does clerical work for the managers/Sr.Managers and tries to showcase they are key infront of the team. Funny part is someone saying scrum master without scrum board in place

Cisco also unveiled plans for a $1 billion cost-cutting program, most of that to take place by the end of the current quarter—job cuts will be part of the equation. William Blair’s Ader remains cautious. “Put simply, we believe Cisco missed a... — read more 

Will they remain?

My VP (who is really a manager) tells me not to worry as this ER/LR is only meant to impact employees with brains!

day of rEckoning is Mañana

Any thoughts on LR safety if your FY19 IPF was 1.33? At the time I thought it was pretty good. But I missed the cut.

Lots of proud looking people claim to be in some department called “Sales Acceleration”, many have never been in sales. Can someone explain this bit of logic?

Cisco, the darling to the dot com era with the highest valuation in the world in 2000 is now reduced to a pile of dump. Once upon a time saying you work at Cisco was a badge of honor. Now, it is a sense of shame. No company wants to hire Cisco... — read more 

Are the 1:1 meeting invites coming this week for the Hunger games August edition ?

So, according to Nasdaq, beside all our troubles, we have some bright spots like security revenue, rising deferred revenues, revenue from our Webex video collaboration platform, mix of software and subscriptions that maintain competitive advantages... — read more 

How much do AMs make?

CX is the most useless group at Cisco. It’s all basically generating useless deliverables that nobody reads and handing off stuff to India. 90% of this group barely does anything.... And this is coming from someone in CX lol.

Remember when Gerrie was bragging about how she hit her number like 1220 quarters in a row? Is it still called ER when u have been around that long?