Thread regarding Cisco Systems Inc. layoffs

The 52 week high was while it was on its way down from nearly $58.00 back in Sept. 2023. Excellent growth #Sarcasm

https://www.thelayoff.com/post/@OP+1uWT2cZA

Does firing employees increase the pay of company executives? Yes

Layoffs are the easy button to increase stock share prices because it removes a major cost line item. It is a short term tactic, not a strategy.

The Layoff tactic starts to fail when the remaining workforce becomes demoralized, which is happening at Cisco.

Chuck has a plan for that. The plan? Retire & cash out while the stock is at a 52-week, layoff induced high.

Closing in on 52 week high.

52 week range: 44.50 - 54.59
Current close: 53.54
The last time it crossed below 53.54 was October 19, 2023 with a close of: 53.28

If the stock stays the same price for the next 9 days it will be a 52 week high.

Checks out.

@fyy - here :)

Where was it announced that CR is departing from Cisco?

the stock is at a 52 week high because of the massive LR. that's how it works, folks.

salaries are the single largest expense for a declining company. Chuck will sell at the high and float away with his golden parachute.

The stock price is being artificially manipulated. short term gain at the expense of everything, and everyone, else

@Shills guy is off his rocker. Someone please give him his meds.

Is this confirmed? Chuck leaving??

A spot on post by the OP.

I left last year after seeing the quality of our products, and the mishmash of our offerings slowly deteriorate. Whilst in that time also seeing the level of support and differentiation of what we could provide our customers and what our competitors could offer slowly waning.

I was very happy in the business had a good team, good customers, but then we had a reorg, and went from having a great manager to having one who was promoted from an IC who after 8-9 months of their “leadership” the uselessness and pointlessness of what they brought to the team became too much to bear and I moved externally to a business and environment that is generally an improvement on what Cisco has become over the last few years.
RIP Cisco

Closing in on 52 week high. #1

Job was always too big for him but putting Fran the man in post was the nail in his coffin … she is a true bottom feeder

@klk+1uVYQRbN Yup and he knows it. He’s been such a garbage CEO and it’s trickled down through his ELT to senior leadership. If it’s Gary then he needs to clean house, otherwise this sh-t will continue.

Former Splunk short timer here (one year) after being at a well run huge tech shop. The Splunk culture was absolutely terrible. It was not only the worst I saw in tech, it was the worst I saw in my life. A ton of arrogance and a ton of absolutely terrible people who treated good people bad. It was funny cause you would have folks with only a year or so exp with splunk would talk down to you any chance they got. I had nothing against younger people, but there were people there that for some reason thought they built splunk. It was the worst professional experience of my life. When I saw Cisco bought them I said “keep the products, leave the employees” (Godfather reference). I just wish I knew how bad it was before I left my secure somewhat good job to join the chaos and dysfunction that is splunk. I hope Cisco leadership does the right thing and cleans it up.

"Whoever is named CEO is will spend the next 6 months spraying his scent all over everything in an attempt to gain control"

lol. already a lot of Splunk musk on the furniture

Great Post! spot on

Chuck is certainly leaving a huge mess to his successor