Cisco Systems Inc. Layoffs

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Topics regarding layoffs at Cisco Systems Inc.

Extra $5k from Cisco to our 401k!

Just in - Cisco will be making an extra, one-time $5k contribution to 401k to almost all American employees, because of new tax law. That's nice.
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3272 views | 7 replies (last )

Share price

Surprised the share price hasn't jumped following the tax reforms just passed. Surely it means higher dividends and more to invest back in to the business.
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1321 views | 4 replies (last )

SPG Leadership

Heard of rumours about SVP and few directors of SPG were asked to leave in 6 months
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2535 views | 1 reply ()

Cisco offer evaluate

This is very important for me .. please advise . I am senior engineer 8 yes exp in Qualcomm bay area .. currently evaluating offer 130k + 12% bonus, no RSU, in software engineer 3 at Cisco systems, bay area . Enterprise BU How is CISCO vs qualcomm... read more
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3659 views | 24 replies (last )

Cisco ANZ Xmas Layoffs “Skirts”

Cisco ANZ another round of cuts pre Xmas for Grade 11+ to replace with lower cost Grade 8 “Skirts”.
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1183 views | no replies

Why people still believe Cisco is a great place to work

Employees have started to treat their jobs like a dysfunctional family relationship. For many groups, the pay is higher than the work truly deserves (not necessarily easy, but also not cutting edge or extremely challenging). After a while, technical... read more
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3102 views | 15 replies (last )

Question: laptop return ?

Are you wiping your laptop before returning ? How should it be returned back ? How did you return it or planning to return it ? Is there any official policy ?
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2791 views | 14 replies (last )

Buying the SRX product line

Cisco is in talks with Juniper to buy the SRX product line. Sometimes enemies work together especially if it benefits both. Cisco, it is believed, will then kill the SRX and push existing customers to migrate to Cisco's existing security products... read more
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1983 views | 6 replies (last )

Massive February 2018 layoff coming

Confirmed there will be a massive mid-February layoff descending upon the company. Profits are not there and labor cuts is the only answer. Strap on the belts because it will be a big one.
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10468 views | 26 replies (last )

January/February UK layoffs

There are rumours there's going to be more in January and February. Expect a consolidation of RSM's as they look to remove management overhead. This is the new Cisco. Haven't heard anything about more layoffs in the UK that soon. Anybody knows if... read more
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3947 views | 11 replies (last )

UK Layoffs

Quite a few people got the axe in the UK last week from various parts of the business. Not sure on final numbers but I know 4 individuals personally. No announcement and a month before Christmas. Classy.
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3571 views | 12 replies (last )

Keep posting

I am shocked at how many VPs read this site. I think it has more reach than people realize. Also, Cisco legal seems obsessed with finding out who is posting. All good signs.
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3503 views | 8 replies (last )

This is why Cisco continue to fail

Cisco can’t make up the difference Cisco’s Quarter: Are They Really Facing the Future at Last? “Applications are about 10%, Security about 5%, and Services about 25%. Two categories of revenue—applications and security—that are showing significant... read more
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1739 views | no replies

It's official: Cisco Is Doing Great Without You!

CSCO has not seen these levels since 2001, business continues to shift toward software model, and the market is sure feeling more positive about the company's future. There's a lesson to be learned, particularly by any Cisco Lifer that's been let go... read more
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2856 views | 12 replies (last )

Footnote to earnings, another 1/4 of cuts

As Cisco put it in the footnote, In August 2016, we began taking action under a restructuring plan in order to reinvest in our key priority areas with estimated pretax charges of approximately $850 million. In the first quarter of fiscal 2018, we... read more
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3321 views | 8 replies (last )

Great Again

To all you looser haters, Cisco is on the way back. Time to go back to your dung piles and stop spreading rumors that are fake. There are no LRs happening right now.
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3546 views | 27 replies (last )

It's working

LR will continue. Profit is up and stock jumps. This means the strategy of cutting costs is working. In the foreseeable future, revenue, employee morale, and product quality will continue to go down. We will see more layoffs and higher bonus for... read more
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2143 views | 5 replies (last )

Earnings

Total revenue fell to $12.14 billion from $12.35 billion.... profitability is up 3.1%. So LRing a bunch of people resulted in cost savings, but still revenue drops... Maybe the execs should forgo their huge bonuses this year. Get ready for next... read more
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2631 views | 8 replies (last )

Cisco's doing monthly LR now?

Is this how we should interpret recent events? Or, should I say it's a weekly thing? Such a great way to utterly f--- up the morale.
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1559 views | 2 replies (last )

Today (Nov. 15th) is THE day of reckoning

A massive LR will be announced during the earnings call conference at 1:30 PM PST. 7000 heads will be wacked and an additional 4000 might be chopped at the end of Q2. Business is not good and is not expected to improve. Do yourself a favor and... read more
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4737 views | 15 replies (last )

Underpaid at Cisco

Software Engineers at Cisco, are HEAVILY underpaid. At least in San Jose area. Yes, the work is more flexible, but I don't think this justifies the magnitude of underpayment. II recently interviewed at Tier 1 Sillicon Valley companies, and now have... read more
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2224 views | 11 replies (last )

Financial Magic for the Twenty First Century and beyond:

Financial Magic for the Twenty First Century and beyond: As long as Cisco still has money parked outside the States, they'll keep buying back shares, and paying dividends. The combination of Regular LR and dividends hopefully still ease up investors... read more
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748 views | no replies

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