Thread regarding Cisco Systems Inc. layoffs

#GOLD

The more money they save, the more for them to distribute to themselves. It's so simple.

Chop, chop, chop....

All they need is a couple of years of fat salaries and balloon bonuses.... And then, they are sent, they children are set, and children of their children are set for life.

I am OK when a founder does this, but when bureaucrats and corporate types climb the ladder just to graft the corp, I have a problem with that. And our economy suffers as characters like this contribute nothing to growth, capital, improvements. They burden the economy and slow growth. You can literally plug in a monkey into one of the C-roles and the animal would manage not to get fired for 24 months as the system that supports it is relatively well oiled to keep running for VERY long time. Monkey then gets fired, the new one is appointed, two more years of the same stuff, the company will keep going, will be less successful but will keep going.

I guarantee you that if we were to cut their total comp to 400K each you'd still have armies of people lining up to take the role as it brings power and prestige.

I personally think that it's just a matter of time when one of F500 companies tries something like this and knocks it out of the park (the'd save a ton of money, improve the bottom line, send the stock soaring, etc.) We'll see, I still do have quite a bit of hope in Capitalism's ability to repair itself. And it so desperately needs a major repair job...

The more money they save, the more for them to distribute to themselves. It's so simple.

Chop, chop, chop....

All they need is a couple of years of fat salaries and balloon bonuses.... And then, they are sent, they children are set, and children of their children are set for life.

I am OK when a founder does this, but when bureaucrats and corporate types climb the ladder just to graft the corp, I have a problem with that. And our economy suffers as characters like this contribute nothing to growth, capital, improvements. They burden the economy and slow growth. You can literally plug in a monkey into one of the C-roles and the animal would manage not to get fired for 24 months as the system that supports it is relatively well oiled to keep running for VERY long time. Monkey then gets fired, the new one is appointed, two more years of the same stuff, the company will keep going, will be less successful but will keep going.

I guarantee you that if we were to cut their total comp to 400K each you'd still have armies of people lining up to take the role as it brings power and prestige.

I personally think that it's just a matter of time when one of F500 companies tries something like this and knocks it out of the park (the'd save a ton of money, improve the bottom line, send the stock soaring, etc.) We'll see, I still do have quite a bit of hope in Capitalism's ability to repair itself. And it so desperately needs a major repair job...

"Instill deep competition". What do you mean by that? Company v company? Employee v employee?

Employees now are numb. The cuts are now random enuf that they don't provide an incentive of any type.

Since 2015 the layoffs are (a) more regular and (b) more specific. As a result the numbers (each time) are smaller. And it was obviously successful in fooling you to think nothing happened in 2015.

You articulated it very well. Thank you.

Cisco should do a real big lay off of the non-essentail teams (e.g. CAP management); focus on engineering teams; develop, innovate new products; too many VPs and too many no-productive non-engineers.