While these companies has billions in cash pile why they have to layoff people who helped to take Cisco there?
Also whoever survive now has to work like donkey to carry abondon baggage of others.
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Surely the best way to get rid of dead wood is your fire the old lions. The young Tigers will soon learn how to change their own diapers and spoon feed them selves. Or will the? Probably not. And remember Rick's famous line: I'm Rick Harrison, and this is my pawn shop. I work here with my old man and my son, Big Hoss. Everything in here has a story and a price. One thing I've learned after 21 years - you never know what is gonna come through that door.
Wonder where all the internal information is leaked from. 20% is on the lower side but only first phase. To transform fully to software orientation is a more ambitious task and will take more than 20% layoff.
New currency in Cisco: "Chuck buck".
@We are family at Cisco
Agreed. They should try very hard to avoid layoffs - as Gary Moore said "[annual] layoffs are the wrong way to do it." We both know there's a good amount of deadwood floating around the company - so how do you purge them? No idea. Mass layoffs like these don't work well for that purpose because these Hunger Games style layoffs are, as another poster said, "political, racial and personal."
Cisco best way to utilize old employees is to fire and make happy time.
No company can thrive if they don't have good leadership.
Instead laying off, mgmt can find ways to utilize man power and experience to increase revenue and make company more successful.
Yes, management is a thankless group - mostly by nature of their role. That said, we cannot expect to be compensated on what we have done in the past for the company - we get paid for what we are doing now and negotiate a premium for what we promise to do for them in the future. #RealTalk