Thread regarding Cisco Systems Inc. layoffs

Summary from Cisco Beats this AM - unlimited PTO, LR numbers, Fran's Paris visit etc

LRs have started, when do they complete?

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| 1911 views | | 7 replies (last August 20, 2024) | Reply
Post ID: @OP+1u5jqzxx

7 replies (most recent on top)

From what I understand, it’s two months on payroll (but not working), and four months severance, for a total of six months. September 16th is when most people will be notified, but 350 people are going to be notified soon (or have been already at this point in time). It makes no sense to me why there is a month of time for employees to twist in the wind unless the goal is to incentivize employees to leave of their own accord and save the company cash for severance. In general this action seems very poorly orchestrated and reactionary.

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Post ID: @1ifd+1u5jqzxx

Obviously just a troll …

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Post ID: @mqx+1u5jqzxx

Did I miss the Beat this morning? I thought it was just a check in …

If you don’t know the difference you’re too stupid to work here and deserve to be out on your a-s.

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Post ID: @ysf+1u5jqzxx

Anyone has info about severance package for this time from the checkin?

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Post ID: @mit+1u5jqzxx

Unlimited PTO save Cisco money. You no longer get paid for unused PTO when you get your package.

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Post ID: @oqv+1u5jqzxx

"unlimited"

It's cute any believes that.

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Post ID: @csj+1u5jqzxx

but they refuse to address the problem directly. Problem is the ELT that needs to be fired.

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Post ID: @qch+1u5jqzxx

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