Aug 9 (Reuters) - Cisco (CSCO.O), opens new tab will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company's fourth-quarter results, said the sources, who were not authorized to speak publicly.
43 replies (most recent on top)
@1ugu+1tVpTr2C
You mean safeguard the business
Who in 2024 wants to do CLI
How many AMs just give pricing for catalyst and forget about wireless and firewalls
AMs might as well be electricians you only 'sell' switches
Meraki’s game plan has always been and will continue to be: Target existing Catalyst business and convert it to Meraki - reducing revenue per port in the process. That’s the big joke on leadership and a con on shareholders.
The hub will have thunderdome/ colosseum like atmospheres rather than a positive feeling
Left 3 weeks ago for a gov job when I saw the writing on the wall. Could not feel more relieved.
So many boomers/legacy EN boys that have clearly been coasting in these comments, it’s laughable. Y’all should be the first to go.
Need to conserve salaries so Cisco can burn $200M at Vegas sales meeting
Do away with Meraki
Save on id--ts and office space
Chuck is still MIA so he must have checked out
This is happens when CEO moves to Atlanta to save taxes thinking he can run the company on WebEx in-between golf rounds
Hey now, I’m sure they’ll cut back. Instead of 5 star restaurants, they’ll make the sales folks slum it at 4.5 star. This even is basically going to pay for itself now! /s
Spending $200M+ in a few weeks on Vegas sales meeting is corporate fraud
Oh get real Meraki is a pos. It’s just that the big boys are taking the saas management over and making it actually better than home grade now.
Can you imagine the SKO ceremony
A more fake and toxic atmosphere I cannot imagine
I can't conceive standing Infront of 30k pi---d off people and try to sell lies and shout double digit growth
They don’t have the backbone to do a 25k cut and rightly so. It sounds good on paper but that will ki-l the business - yes there are redundant roles and products but they all add up to the revenue. The same engineer or sales exec is not going to be able to handle nexus and XR for example. They will do 5k and a time, people just need to be prepared and not act surprised when the news becomes official
@qwy+1tVpTr2C oh please, that is a tired and outdated narrative. Meraki grows because most customers see no value in catalyst center, and have 0 plans to deploy or renew it. By positioning Cat HW with Meraki SW, customers will actually use what we sell—which will lead them to buy more.
Funny that marketing is not even mentioned when asked about departments being affected.
All marketing besties being promoted and in the real life……
@bmn+1tVpTr2C it grows by cannibalising EN so let's get one thing accurate
It is not incremental it is merely a tech shift
Thanks again Chuck
Narcissistic personality disorder is a mental health condition in which people have an unreasonably high sense of their own importance.
25k once and then done? Don’t hold your breath.
Breaking news LOLOLOL - it’s been well documented here.
First they go after the red badges
Then they go after the older, tenured BB
Then they go after you
This is what it’s like to be inside a rotting whale. Splunk will not save Cisco.
Gary has the guts that Chuck does not and is finally ripping the band-aid off to get headcount to approx 40,000 to get EPS to a respectable level
Do not be naive as this is the mother load 25K once and for all
4k is on lower end of what I expected from the rumors going around. I thought they’ll hold off this quarter to have time for the visa work. Pathetic leaders who have no backbone and imagination! Layoffs are not the only way to save cost or shore up stock prices !
it's sad to say, but who gives a sh-t at this point...ELT couldn't give two sh--s about any employee below a VP level. we are all fools to think this is changing any time soon. Cisco will be a 50-55k employee come 2H of FY25
Clearly the NDAs they got leaders to sign worked well…
Proof that previous rumor is true that before Gary takes CEO job he is reducing employee headcount by 50% to get expenses in sync with decreased revenue
85K employees at the moment. Streamlining down to 50-60K means 25,000 layoffs to be inline with similar size tech firms
Welcome to Cisco, where employees are just a number on a spreadsheet. Can’t wait to hear how “leadership” justified another round. At this point it’s endless though. Cisco just acquires actual technology companies.
Lots of product redundancies and with that jobs are also redundant...
I am hearing some underperforming services, orgs, and teams will be entirely let go
We will see next week I guess!
People that are saying goodbye Meraki, you do realize that is the ONLY part of our networking portfolio that consistently grows? Lol. They are going to Merakify the entire catalyst porfolio and adopt that sales motion for the majority of business, because it works.
Makes sense now that there several of HR team's cars in SJ parking lot this past Saturday so either someone leaked to reporter or reporter passed by
So this was another leak? The Reuters article is by the same two authors who broke the story the last time.
Chuck will be angry. He will need to go MIA for another 3 months to calm down.
With cuts this deep, there’s not a win in it for any employee. You either get cut, or you don’t and then really wish you did because things will su-k even worse later… If you’re CV is not up to date, its really a bit late...
"They said no ER just LR"
What is ER and LR?
https://www.bloomberg.com/news/articles/2024-08-09/cisco-to-cut-thousands-of-jobs-in-new-layoff-round-reuters-says
They need to look at the channel
Meraki PAM
Cisco EN PAM
DAM
And now because three is not a crowd a SAM
What incremental impact do any of these have?
Are we so cash rich we are paying out 3x on channel commission?
Sad that this is site we have to visit to get the truth and transparency that we don't get from lying Chuck
Commercial sales teams and overlay sales teams are being eliminated
Splunk sources were exactly right that Gary will be cutting 50% by end of 2025
Goodbye Meraki