Do you think they'll double up this year with a Q3 and Q4 LR - as in large action? Smaller LRs have been happening all year. Wondering what the final number could be between the two quarters?
Structure of 1,100 Layoffs at Cisco (May 2017)
Do you know what the structure of the announced LR will be? In particular: Timing of Layoffs: When will layoffs take place? All in May? Geographies – where will the layoffs going to be concentrated geographically? US? SJ? Groups Affected – What... — read more
Difference between a director layoff (grade 13 and above) and workbee layoff (grade 4 to 12)
Director (grade 13+ above) , immediately book a vacation and sell his/her fancy retreat to get extra income, use his/hers fancy frequent flier miles for the free vacation.. and rest on stocks/options for the next 2 years, got a stint at some other... — read more
Cisco to cut 1,100 more jobs amid a worse-than-expected business outlook
Text from Internal CEC page: At the beginning of FY17, we announced a workforce restructuring plan that would impact 5,500 roles based on business performance and strategic business investments. While the majority of these employees were notified... — read more
SPVSS revenue decreased by 30%!!
"NGN Routing, Collaboration, Data Center, and Service Provider Video revenue decreased by 2%, 4%, 5%, and 30%, respectively." It should be clear by now what will happen to SPVSS, i.e. NDS.
Let's LR older folks, bring in some fresh blood
your fancy iphone: designed by people in their 40s your fancy Tesla: designed by people in their 50s your fancy Intel CPUs that power your computers: designed by people in their 40s your fancy C++/python languages: designed by people in their mid 30s... — read more
https://twitter.com/TheLayoff/status/864940474322178048
https://twitter.com/TheLayoff/status/864940474322178048
1100 more layoffs announced in footnote
From the earnings release, footnote to the GAAP to non-GAAP business outlook at the end of the release. Sounds like an additional 1100 people getting the axe: "(1) In August 2016, we announced a restructuring plan in order to reinvest in our key... — read more
Trouble ahead.
http://investor.cisco.com/investor-relations/news-and-events/news/news-details/2017/Cisco-Reports-Third-Quarter-Earnings/default.aspx 05/17/2017 SAN JOSE, CA -- (Marketwired) -- 05/17/17 -- Cisco (NASDAQ: CSCO) Q3 Revenue: $11.9 billion -- Decrease... — read more
We Do Not Owe You Anything
Diversions from the truth are tactics used for centuries. The truth Cisco has become a We Do Not Owe You Anything company and Cisco will do anything to keep the wallets fat of those on the top even if it means laying off good people that devoted... — read more
Talent Retention
Having a ring side view into this season's LR circus, I believe it is just a miracle that the co has customers and there's even a score to measure their satisfaction. Somebody draws a list, some other decides. There's no thought given to talent... — read more
Replacing older, more expensive workers is great in the short-term!
Taking the short-term view can sacrifice the long-term. Replacing older, more expensive workers is great in the short-term. But hiring younger, less experienced workers who don't have the internal corporate "tribal knowledge" on how to get things... — read more
Cisco Spark is Hiring! Or Not...
I had a recruiter contact me saying that the Spark team was hiring. I wasn't too thrilled with the idea of going back to Cisco, but work is work and there's not a lot of other jobs in town for my skill set and not moving is always a plus so I sent in... — read more
DCG / UCS
Any information about impact on DCG (UCS especially )? San Jose and India?
Rumor: 8% is an overall cost reduction
I heard that 8% is an overall cost reduction. That does not mean shedding 8% of staff or indeed 8% of staff costs. Its down to the managers to determine how they make those cuts. For example it could be renegotiating costs with a supplier, reducing... — read more
Cisco Layoff Survival Advice
If one stays long enough, the law of averages will invoke. It's natural in a way, every industry and companies, like life in general, has issues. Stick to your core competencies that you demonstrated to get hired in the first place, and don't forget... — read more
Digital Technology Group Layoffs 2017
Do you think that we'll have massive cuts here at DTG (Digital Technology Group, mainly IoT/Vertical focused). People are anxious and nobody knows what the plan is and how many people (and when) will be affected - for now, there is silence and nobody... — read more
NDS Sale to Comcast Rumor
The official thread. Post things here.
I practically grew up at Cisco, job right after college for 15+ years!
There is life after Cisco. I practically grew up at Cisco, job right after college for 15+ years. I don't know anything outside of Cisco. So I was vert scared when I got the ping slip last Aug/Sep... but i managed to get an offer within a 2 weeks... — read more
Post locations/BU affected
Will be interesting for all if we can post the locations and BUs affected as they happen. S---s for everyone I know, but be interesting to see the targets.
Love this line from the old movie Jaws.
There is a scene in the old movie Jaws in which Richard Dreyfuss says something along the lines of "The shark is an evolutionary wonder-an eating machine. All it does is swim, eat, and make baby sharks." Corporations are like sharks, all they do is... — read more
Spark
Here is a quick not on Spark, so not layoff related... Heard they will give Spark another 2 Qs. They are desperate to see if it will gain traction. RT probably knows that the clunky thing can be easily displaced by a $75 white board & a camera phone... — read more
https://www.facebook.com/TheLayoff/posts/1329406853822434
https://www.facebook.com/TheLayoff/posts/1329406853822434
The Earnings Call Will Tell All
Is it true about a massive hit on margins in SPPA? Rumour of significant declining margins due to high expense in Cloud operations, but after earnings call will tell all. Looks like SPPA org VOD and calls have been booked and set up for day after the... — read more
Cisco NDS there is a future
not there, but many companies are out there. Good luck to us all
Cisco announces it will permanently close its doors on May 18.
Ha ha, see how this works here? Come here for the entertainment, not actual facts. Only you can tell for certain if your job is in danger, and you might not see it coming anyways. Always have a Plan B in place no matter where you work.
Chandler Ford Location
What's to expect? How are things going to play out?
Hiring G8/9
In our group we are only hiring G8/9. No more senior roles. G12 is the most targeted grade for LRs. G11s can step up to perform G12 duties at the lower compensation.
20K blue Badges and 10K red Badges will let off by end of this year
Plan is already drawn, lists are being prepared and culling will happen in phases so its doesnt create a impression of mass culling. There is complete hiring freeze globally. Cisco will become mean and lean machine, in order to achieve stated... — read more
Reality, not a rumour
Guys, rumour or not - here is the reality. Cisco bought NDS to give them real security offerings and also to give them a nice cash float due to US cash repatriation taxes. To this end they have got what they wanted, and also I bear them no ill will... — read more
3 Simple Reasons for the downfall of NDS/Cisco SPVSS!
There were three reasons for the downfall of NDS/Cisco SPVSS. Pay-TV landscape change: the income generated by classical broadcast industry started to change with the rising of internet streaming. NDS was not prepared for that enough nor it could... — read more
Signs of being laid off
Post away!
That Time Of The Year
If you have survived the mini-culls throughout the year then you will know its approaching that time of the year again. Big cuts likely coming our way in the next while as the annual Cisco Hunger Games begin in earnest. As ever, people should be... — read more
Another Day, Another Aquisition
So when will we see the needle move? When did Cisco lose its acquisition MOJO? A lot was blamed on RL but he's been gone three years.
20k blue badges to be laid off this quarter
Cisco is heading to the vision of reducing head count to 50k blue badges and not sure how many r d badges.
Word is, expect 18% LR in the next few weeks.
That's the rumor leaking from some HR staff in SJ.
Comp for Q4 Layoffs
A q4 layoff would be outside the norm for Cisco. How would that impact your comp? If you got LR'd in mid may and were out mid June you only get credit for what you booked. Does your goal get reduced to reflect that? Its a lot easier when they rif you... — read more