As CR stated, 75% of LR will be re-hired where needs are. True or baloney? Everyone getting four months salary with benefits, then COBRA? Exit date set to July 14?
Did team leaders announce send off and good luck meetings? Or a nice kick in rear, and message - have a nice day….
This is BS! If you really take them at face value then it means all skill sets they are looking for in Silicon, AI and Quantum et al are already available in the current employee community. And if that was really the case, they would not have to let anyone go.
The was this works is that if you interact the program and you later find a new role yourself, Cisco counts it as they helped you get it.
More than 80+ % of open roles are filled with internal CSCO employees. Assuming most of the 4000 are solid players, they will get scooped up.
a program that has seen 75 percent of participants discover their next role.
What does discover mean here? Can it also mean "participate"?
“ a program that has seen 75 percent of participants discover their next role.” = a job anywhere, not just Cisco
It is baloney and has been said at every layoff. When I was laid off, he said we have 2000 open racks and he expected everyone to be able to transfer to another job but that never happened. Do not trust this guy, he is full of it.
Beware of the black-list if you’re older than 35yro. In my round of layoffs, I knew of just 10 who got another role during the 60d period. I myself applied to several roles but wasn’t considered. I applied for several roles months later only to realize my entire org/corporate function was off limits to me.
That’s not what the comment said or meant.
As CR stated, 75% of LR will be re-hired where needs are...
Everyone I knew including myself must all be in the 25%....
I looked at the "matches" for my skill profile on the internal board
Every position was in Bangalore.
This is BS, and probably has been said in every layoff since they started these hunger games.
Baloney. Would you trust a salesman?
It's more like 40% end up back at Cisco, the other 35% place outisde of Cisco. Since "Cisco" recruiting helped you find a new role, they include that 35%.
No internal job listing. Hiring freeze still in place. Will know on May 21 meeting.