Another LR is coming in Nov 2023 (a good number will be axed) - More info to be shared in August during Q4FY23 earning call. Lists are being submitted along with your Talent & Ops reviews.
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Interesting to read all of this since US Commercial is adding over 100 AM/SA roles in the next few weeks.
Also heard the same about Nov. Some of the teams are told that each level of management needs to put a label on 20% of their reports.
Maybe no more in FY2024
Until one LR too many finally makes things so foobar there's no coming back from it.
Cisco will never be a giant again but IBM and others have demonstrated you can do layoffs in near perpetuity and still be an ongoing concern as long as you occupy niches where you have an effective monopoly, the cost of entry is high and the desirability of the work is low.
IPv6 while having some deployment is by many measures a failure and unless someone can replace IPv4 effectively in a way that passes Cisco by Cisco will plod along for the foreseeable future.
Of course there's gonna be another round. And another. Until one LR too many finally makes things so foobar there's no coming back from it. And our poor reputation means nobody's going to want to come work here. We all know how this ends.
Cisco is the #1 IT company in the world
Cisco is the best employer to work for in the world
There will be no more LRs at Cisco
Sorry for adding this here but it appears I have to make a post in a normal thread for it to show up under the #formatting hashtag.
I didn't see a strikethrough option but two tildes (~) before and after a block of text will result in a strikethrough like this text is no longer valid.
They've lived off of the innovation that occurred they acquired in the 90s for as long as they possibly can.
(Testing the dual tilde to see if it does the strikethrough since I don't see it on the formatting page.)
"But hey, they all made a lot of money for themselves."
Well...yeah that's the whole point right? Do you think I work in tech because I care about technical excellence and innovation or because I care about making easy money without working hard?
Outside sales will be decimated and replaced by virtual inside reps
August/September is gonna be a blo*odbath.
The reality is that Chambers/Chuck and the Board thought they could run a high-tech company without any technical excellence. They've lived off of the innovation that occurred in the 90s for as long as they possibly can.
Their legacy will be the squandering of one of the world's largest, and most loyal, installed bases due to their inability to deliver anything beyond the innovation of their predecessors.
But hey, they all made a lot of money for themselves.
Cisco is closing.
San Jose is closing.
At the top table, in CxO discussions, Cisco is completely irrelevant these days. They missed or messed up all the big transitions when they could have owned the world almost; UC, security, SDWAN and Cloud. It is shameful.
Nobody will be safe, including the best sales talent, the management, and the best engineers. The strategy is cut, cut, cut before the storm we all have been waiting for. The entire industry has been doing it and it has finally caught up. Buckle up.
A lot of talent has now left Cisco in recent years either by LR or moved somewhere else of their own accord.
Not sure where they find any fat next? ICs anyways. Fat in the layers of management for sure.
Usually in time for Thanksgiving.. what's new ?
I never understood the overall feeling and disdain for the sales people at Cisco on this list. By that I mean the people with direct sales quotas, the technical sellers who also all are often 1) from the customers, 2) direct friends with customers who often coach the customers kids, and vice - versa, 3) people at customers who are former Cisco who left (and yes some via LR but were taken care of) who remain positive. I found it so easy as a long time SE working with customers to protect those relationships (tell them when we had a quality product, frankly steer them clear when we did not, call B.S when some Cisco exec's came to meetings onsite, etc.) The customers loved that so much they wanted to do business with Cisco often at a cost premium, and also often when our products were not as good as competition. This is why so may quality startups went out of business, as did our competition, and many leader in competitive companies found themselves at Cisco due to friendships, etc. This was the strength of Cisco - draw a circle 50 mile radius around San Jose - the strength of Cisco was outside that circle not inside by a long shot. So now the focus is all on marketing junk that people like me would steer my customers away from - dont care what some VP, SVP, EVP, nor CEO would say to them. My how times have changed and those relationships are now getting frayed and servered, and a few engineering newbies are talking about wonderful technologies that Cisco frankly does not make (ML, AI, New Types of Ethernet, Cloud anything) and trying to put forth a marketing message and the newbie engineers (some of them - many know the true score) just follow inline and complain about sales types, and people who have been successful at Cisco with this model and continue to do so in the headwind of a absolute complete lack of vision and innovation. Look at the P/E which is best estimator of how exciting our tech is viewed in the market? We are below HPE, Dell, and even Frickin' Texas Roadhouse restaurants!!! Forget Nvidia, MSFT, BRCM, ANET, GOOG, META, etc. we dont belong at the table and our sales types are begging for meetings with customers that our competition used to beg for.