Up to 32% of FTE and contractors will be cut over a 3 month period.. CSCO wants to slim down. All L2 mgrs and their directors have been instructed to provide an excel spreadsheet of individuals to be cut. Some teams will be completely obliterated. If... read more
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Topics regarding layoffs at Cisco Systems Inc.
Cisco is close to announcing it's agreement to sell it's long trouble video business unit SPVSS back to it's previous owners Permira Private Equity TMT Group at an enormous loss.
Heard rumors that webletters for raises will come out this week, EoQ3. Be sure to check your email. Anyone confirm?
Hello, I've got the webletter effective from 28th April. If I resign on 29th April, will I get the increased salary on last day and gratuity as per increased salary? Policy docs don't mention anything on it.
Rumor has it, the SPVSS buyer wants less headcount before closing the deal. Already the patent group, 10 ppl, were laid off in Jerusalem. Your thoughts about this?
Back in the day we were all getting geared up fro another IPO/ The SEC filings had been made, there was a great valuation and the future looked bright. Selling our share options was the golden ticket to happiness. we all eagerly awaited the day it... read more
Well my lovely friends it is like this. The "sale" is being overseen by the senior executives in SPVSS and the ones that the leader seems to think have a business head on them. God know why because they are pretty much responsible for the absurd... read more
I’ve just read a good thread and was preparing to reply to it, but it’s gone. Who’s doing this and why?
When do we get these f---ing webletters? I have a mortgage, a diamond loving wife and my kids are always in need of the latest high-tech gadgets.
Managers and Directors seem very busy since last week. Rumors flying about LR before end of April to balance the books.
At the time of acquisition, NDS was profitable, had happy customers and happy employees. Cisco didn't consciously destroy all that, it was just a really poor fit, both organisationally and culturally. The sooner it's divested, the sooner people can... read more
Also, how many contractors (not L&T peeps). I just wonder what is left - there were about 7,000 when NDS was bought (with 5,500 coming from NDS)
Graduating in May, received offer for Consulting Engineer position starting in August for $63k/yr. Seems kinda low... is it worth pursuing?
Buyer realized IL engineers are nothing but whining little babies and have not produced anything of quality in over 5 years. Because Cisco bought them? No. Because NDS covered incompetency by having "custom" solutions everywhere. Custom means... read more
Please report abuse to USCIS. It is illegal to employ OPT students through third party staffing agencies. Cisco is violating the laws and laying off US citizens
From the San Diego Onion: Qualcomm slashed 1,231 jobs in San Diego and another 269 workers in Santa Clara/San Jose as part of its $1 billion cost cutting plan. The cellular technology company revealed the size of the mass layoff through required... read more
Enjoy guys till it happens. Is this an attempt to trim fat and reduce cost
All threads here are centered around SPVSS. What the heck is this? a) what does SPVSS stand for? b) what is the major product (name and functionality)? c) who are major customers? d) who is the major competition?
Hi. I recently interviewed for the Senior Software Engineer position in Cisco in San Jose, and have just received confirmation that they will be making me an offer. What's the salary I should be aiming for? I'm not going to take anything less then... read more
Once, there was big MITG and CCBU sitting there. Now, most of them are downsized to a diminished level and I hear only Indians around there. Any news if this is going to be closed as it is way expensive than most other US centers and majority of work... read more
A little too quiet for my taste... Or I might just be getting paranoid... But if I am, can anybody actually blame me? In any case, are there any news on layoffs in Cisco any time soon or no?
Would someone be able to share the salary ranges for Cisco Grades 11 and 12 in RTP or San Jose? I know that the numbers are posted internally but they are visible to blue badge folks only. Thanks in advance.
And it wasn't......why is anyone shocked? When is the last time SPVSS delivered anything on time as promised. This delivery will be the same. It will be late, be underwhelming and promising "more and better things to come" once delivered.
Broadsoft BU is reorganized and its current head will be retired. 50% reduction is planned in the BU in July. Also, overlapping Cisco's CCBU on-premise maintenance products will be spun as a separate company which has only licensing renewals.
No you morons not for video..... for the campus so they can start their 2nd HQ in Atlanta....... why on earth would they want our video..
Yes or No?
Today we will know if it was all BS or no.
SPVSS is like 2% of Cisco maybe yet if you ooked at this board you would think they are at least ten times that. What's going on with these guys?
Please no BS, if u hv reliable info, then only comment.
There will be salary raises and promotions in March. Looking forward!
Why in the world does Cisco ignore performance when determining who will be laid off? In the past several rounds of layoffs some of our best people were shown the door, while some newer employees who barely know what they are doing are still here. I... read more
The rumours here are off base. Some of defend was put on the table. Not the whole thing.
Was told this morning that the existing deal fell through.