Hearing Splunk and other Cisco layoffs today. Anyone else?
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Is it possible it is part of a master plan to reduce expenses but letting go of seasoned and well paid employees and hiring lower paid, less informed, desperate employees who have no loyalty to anyone in this industry and qualms about being a cheap replacement?
Cisco is like the Borg in Star Trek you know.
The Borg adapt and get better making Cisco nothing like them.
Cisco peaked with revenues of $58B in 2023, then acquired Splunk which reported revenues of $4B in its last year as an independent company. Guess what number Cisco's current revenues are no where near?
Does the board realize now what was always obvious which is that Splunk was a terrible acquisition, even if it had been at 1/10 the cost? Or do they not care because AI bubble make stock price go up?
@b3 Been there, done that back when the internet bubble imploded in 2001. My wife had quit in 1999 to be with the kids (she is a programmer), and I lost my job. We burned through alot of savings until I got a new job at a 50% paycut. But hey, it still paid the bills and eventually I found better jobs, but it took 5+ years. I'm retired now, so it does get better.
@vq I was part of a company acquired by Cisco 20+ years ago (I've been gone a long time from Cisco).....this is normal Cisco activity. Even back then there was a saying: when Cisco acquires you, you have 1 year to make your product bind with other Cisco products...that's the "honeymoon" phase. After that, layoffs will happen.
@aq right...and then they also used coaching+PIP to get rid of older folks, it is not legal but they are getting away with it. Me included, 5 people on my team was gone (2 laid off, 3 pushed out with a PIP).
@a6 Blue badge, red badge or both
These are the initial Splunk layoffs. They had to keep Splunk staff due to the buy contract negotiated in the original Splunk purchase. However, that time limit has expired. They will be cranking up the LRs in Splunk over the next 8 months until it is pretty much stripped and absorbed. Cisco is like the Borg in Star Trek you know. Acquire, assimilate, po-p out anything you don't want and let it float for eternity in the vaccuum of space. Yeah - splunk was po-p. Webex was po-p. lol.
@ev I’m planning my exit from tech also, I learned a lot and ready for something else.
Peter was onto something:
https://clip.cafe/office-space-1999/this-isnt-bad-huh/
@aq I didn't "join" Cisco....my company was acquired (unfortunately) by Cisco.
$28B dollars !
What is the revenue this quarter ? Can someone let me know ?
Has anyone heard the word ‘accountability’ at the C level ?
Any severance provided for these cuts? or is there no severance when its smaller unannounced "cuts"?
Just realize you are leaving tech. 250k unemployed tech workers all piling on the same ghost job listings. It's futile. Pick an Act Two career and proceed with life.
Most of the 250k lost souls will be joining you, but only after they drive themselves crazy trying to get back into a toxic industry that isn't even done shrinking.
You didn't do anything wrong, there is a place for somewhere, doing something in an environment less toxic
@ec you were replaced by AI(Another Indian)
I’ve been employed for nearly two decades and was laid off yesterday!
@b7 Yes, I am one of them :(
Sad but TD&R is full of folks coasting or doing busywork. Was one of them before transferring out. The products are rotting and people are just watching the clock.
Datadog CEO will have to get physiotherapy to recover from all the high--fiving
Can you imagine a better long-term benefit than your primary competition being acquired by Cisco?
Cisco will rot out Splunk, try to force buyers to accept bundles of garbage SBG products or hardware they don't want...over time it will become just understood that you have to migrate off of Splunk forever
@am some of AppD Bare dungs should have been let go.
@ag 31
Wish they would hit the inept “product leaders” up to and including “PCL” . Can’t produce a quality product if their miserable lives depended on it, and don’t have enough sense of direction to find their way out of a paper bag. Observability was never great to begin with, but Splunk came along and really f^cked it up. How losers like that remain while good people get cut is a f’d up mystery.
XDR layoffs are in SBG?
@b0 I, too, was hit. Have no idea what I'll do in this job market. My husband is also laid off. We both are in tech. I feel sick.
“Change is the ONLY constant” - C. Patel, CTO EMEA. One of the 100 most influential Asians in the U.K. Sho there.
Can confirm, Splunk IT hit today...this is after reorg a couple weeks ago
Silent layoffs happening everyday at Cisco. Nothing is new. If you don’t get layoff this quarter, layoffs will happen to you next quarter, get used to it. Layoff is part of Cisco culture. If you don’t like layoffs, don’t join this company.
Confirmed as I was also affected. Splunk IT was hit pretty hard from what I'm hearing
The next layoff near March should be worst to pump up the numbers before EOY. It's pretty evident no one is safe.
How many?
Can confirm was affected. Looks like ~10% of TDR.
Security had layoffs.
A Splunker we inherited got cut from my extended team. That's the only cut I've heard about so far in my sphere.
@a1
At least in the meantime you can get away with doing basically nothing since everyone is just apathetic at this point.
yep happened in XDR today, I know of 3 let go.
Yes. Perhaps very small and surgical but yes.
I haven’t heard of any LR yet
I mean eventually Splunk will get wave after wave of layoffs like every other acquisition Cisco has made. It’s the sad truth, but my biggest mistake was staying after being acquired.