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Topics regarding layoffs at Cisco Systems Inc.
/ House Committee Unites to Clamp Down on Indian Firms’ Use of H-1B Visas The new rules would require that firms either pay workers... read more
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.
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.
often layoff exposes the worst side of every one, ... reason we became so much dependent on money from the job... a point o ponder and work on.
RJ lead an extremely incompetent/corrupt organization. Does anyone suspect things will finally be cleaned up with new leadership?
Heard of rumours about SVP and few directors of SPG were asked to leave in 6 months
Some leadership and headcount adjustments being made now. Smoke ‘em if you got ‘em.
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
Considering whether I should accept this offer or stay in engineering.
Cisco ANZ another round of cuts pre Xmas for Grade 11+ to replace with lower cost Grade 8 “Skirts”.
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
Rumors are true, there will be huge layoffs in the San Jose campus early next year
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 ?
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
How stable is this BU?
Anyone cares to predict?
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.
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
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.
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.
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
At least I know Cisco China RD (CRDC) is doing layoff, engineering team are affected
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
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
/ The most relevant part: Southwest Airlines was founded by the legendary Herb Kelleher with the objective of bringing air travel to the masses. While it was founded... read more
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.
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
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
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.
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
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
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