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The script for today's checkin

  • ELT discussed the 5% LR that was shared on the Earnings Call. Per ELT, it is not about cost-cutting or performance management, rather rebalancing the business.
  • Impacted employees will be notified beginning December 12 in the US and will have prioritization for job placement services.
  • Impacted employees will have option to exit Cisco first week of February or March 13 and will receive the same amount of severance whether they leave in Feb or Mar. No early retirement option at this time.
  • There will be a generous severance package offered in all locations globally. For US, 6 months pay package plus tenure will be factored in.
  • Not all company organizations are impacted. Not all those contacted by Talent Movement are impacted.
  • Talent Movement only resulted in a couple hundred moves, which was not enough for rebalancing.
  • Leaders will receive a support guide for reference after the Leader Check-in. They will also be invited to training prior to the relevant notification dates if they have impacted employees on their team.
  • Impacted employees will be notified by a leader within their team. Those leaders will be identified and made aware of their role in this process in the early December timeframe.
  • No hiring freeze at this time. There are over 3000 open job requisitions, and Cisco‘s goal is to place as many impacted employees as possible, in those roles.
  • Impacted business units include Collab, AppDynamics and others

#cisco #layoffs

You may want to check out some threads on this topic below...

Cisco Layoff - red badge
Thread Link: @IB4asc2

Red Badge LR
Thread Link: @VWCxQLs

Rehired as Red Badge
Thread Link: @PuNjl1I

Cisco Red Badge Layoffs
Thread Link: @IrMHHFG

Is anyone else's department just dropping Red Badges?
Thread Link: @OUS0n6k

Red Badges
Thread Link: @VZEtXmA

Quarter End - Red Badge Layoffs Completion
Thread Link: @IuEA19g

Red badge just received “involuntary attrition” notice
Thread Link: @ZI3HIK1

How many red badges are effected with LR?
Thread Link: @W319S0g

Why Cisco Employs so many employees In US
Thread Link: @Jb4QLhS

Cisco Culture of Lay-offs
Thread Link: @VZT5bmE

Working at Cisco
Thread Link: @PtVHw9L

Was Laid Off Today. IT Engineer
Thread Link: @VZkuYTd

Once LRed as an employee how soon one can join Cisco again as a contractor?
Thread Link: @NdnC8wL

Cisco is pathetic - emailing LR'd employees asking if they know anyone to fill some position
Thread Link: @MiFxV48

Cisco will layoff 20K in Aug 2017 and another 10K over FY18
Thread Link: @OgpGNO8

For Current Employees Or Contractors- Has Cisco put a freeze on all new contractors?
Thread Link: @IODeOZi

#CiscoLayoffs #RedBadge #CiscoRedBadge #RedBadgeLayoffs #Cisco