The argument AGAINST any ER was that in the past too many senior people took them and lots of tribal knowledge walked out the door.
Now with the company focus on AI and that AI should have absorbed a good chunk of that knowledge is now finally the time to get rid of a lot of the expensive folks that have been around forever?
@k0 That’s exactly what they’re trying to do. As one of the posters here says, they want people to leave to save paying severance. They’ll do that by making the workplace more onerous and toxic.
hahahahahaha - "...AI should have absorbed a good chunk of that knowledge..."
Clearly, you have no idea how Cisco's AI implementation works.
If Cisco offered ER it's the good employees who would apply for it since the cr-ppy PPT and BS ones would remain at Cisco since their skills are useless elsewhere and they'd never get rehired so they just hang on at Cisco. Cisco will never allow that again. Go figure - why would they pay 100-150k and above on a Friday for them to see you hired by a competitor on the Monday? Not a chance.
The argument AGAINST any ER was that in the past too many senior people took them and lots of tribal knowledge walked out the door.
Real tribal knowledge left generations ago. What Cisco did was give a year's salary to people sufficiently competent to get new jobs at competitors the Monday after their last day at Cisco. That's a lot of money to pay your better people to compete against you.
...is now finally the time to get rid of a lot of the expensive folks that have been around forever?
They have and can continue to do that with something called a layoff.
My 2c, I wish Cisco well but I retired early four months back since the job was almost impossible for me as an account tech owner trying to keep up with forever changing landscapes and overlapping priorities and agendas. Every month that passed by I found myself spending increasingly more time chasing internal functions like licensing, AS, TAC, finance, SFDC and a bunch of useless internal meetings and BS training than I did doing my job. I actually quantified this before I left and it amounted to about 40% of my time and was increasing. There are too many input vectors into IC employees time and it is getting forever more demanding. I know some others in in Europe likewise came to same conclusion and retired or dropped into independent consulting. A pity since great guys and gals are leaving. They want cheap actors and storytellers in these roles these days, not experienced tech people like the old days where they owned the room. A pity. Anyways, good luck people all the same.
Why do an ER when they can PIP you? The last ER only gave everyone an extra 90 days pay. The current package is as good as it gets.
They’ll never do a one year payout like they did during the Chambers days.
Cisco no longer has a heart like they did a decade ago.
🤞
If an ER is offered, I'll be the first in line to accept it (but the company said the last ER offering was the last time it would be offered.)
retire on your terms grandpa .. murugans own csco now..
If the question was will CISCO offer another ER in the near future? The overwhelming consensual opinion was - NO. However, people with enough financial freedom (from their own view) can choose to retire any time.
Nah, they'll make the job more and more toxic so people just leave or retire early.