I work in Cisco real estate and we have secured a buyer for approximately 70% of the RTP campus. The rest will be divested in CY18. Expect a massive RIF.
23 replies (most recent on top)
I work in WPR and this could NOT be further from the truth! RTP is NOT closing - there is no truth in this statement - period.
Startups usually come up in Silicon Valley, Western Europe, Australia, Canada, Japan, Korea, HK, singapore etc. Once Startups becomes successful, those companies are absorbed by Big Tech companies and eventually move all work to India, China, Mexico etc. They will layoff headcount added due to acquisition. This is been happening for last 10 to 15 yrs. I dont see any change in this direction. Quality work will still stay in US or Developed countries but then employment generation will be less. All matured products, maintenance work will be outsourced or moved to cheaper location's which employs majority of people.
In all seriousness i see trend of moving many off shore support/dev teams from India to HK and Australia. This may not be true for Cisco/IBM/HP etc.. However 2 startups i have had interviews have their off shore support based in HK and Australia.
H1B never worked this is just an excuse to get rid of it.
Wont be repealed through legislature but rather struck down by pending Supreme Court and DOJ rulings and with the attorney general position being held again by a new (D), governor and attorney general will be in sync and let the law be unenforcable.
Roy Cooper can't do much to change the law if the legislature doesn't bring it to him.
He and Josh Stein can work to not enforce the law. Then there will be backlash. This is going to not go away easy as you think. Roy can say a lot of things, but the legislature can do a lot of things.
Not going to be pretty. Mark my words.
: No truth to this. HB2 ( the law that caused some companies to stop expanding in NC ) will be gone after the inauguration of Roy Cooper and will be a non-issue in this state. But because you are in Bangalore you wouldnt know that. And tell your friends good luck from now on because none of you will be coming here soon thanks to Trump.
This is total BS. With Trump taking the office, this will cause havoc for Cisco. Cisco cannot dream of shutting down 12 RTP buildings or firing or relocating 5K to 6K RTP Employees. That is too much of bad press and Trump will crush Cisco.
Per OP, first half of FY17 is within the next 6 months. If Cisco was shutting down 9-10 buildings on a 12 building, > 100 acre campus in that time, it would be huge news and the moving trucks would already be outside and 50% complete.
Sorry. Not happening.
On the other hand, if I were an employee on the SJ campus, I'd be nervous.
At present there is only 1 new bldg coming up in bangalore. Rest 8 are occupied. This new bldg could well house the staff from a nearby leased bldg....over the years all other leased bldgs have been vacated in favour of one campus.
I suppose they could make cubes smaller or open table fbookish and pack in maybe 2k more at best...the dining halls will get even more crowded
On SP side we are understaffed due to attrition etc ..red badges in other cities like chennai and delhi are used to support legacy platforms.
Number of headcount in bangalore is stuck at 11000 since last 5 years which is not correct. I see too many red badge hires in bangalore to replace those who got laid off in US. Bangalore will have more than 20k employees and Cisco has plans to expand. I guess Mexico will take hit due to Trump. Krakow will expand but chuck Robbins clearly told last month it is 2nd global headquarters after San Jose.
Number of headcount in bangalore is stuck at 11000 since last 5 years which is not correct. I see too many red badge hires in bangalore to replace those who got laid off in US. Bangalore will have more than 20k employees and Cisco has plans to expand. I guess Mexico will take hit due to Trump. Krakow will expand but chuck Robbins clearly told last month is there 2nd global headquarters after San Jose.
RTP will probably be deceased. But not as once. The big picture is acquisitions. Rtp declines while acquisitions take effect. A multi year process.
Boxboro will go dark long before RTP. Some buildings in RTP are being refurbished again and a large % of college new hires (not in Engineering) are starting there not in SJC.
Any expansion that might happen outside of the USA will NOT happen in India. Look to Poland for growth. Bangalore is a burning dumpster and the desire is to pull back resources from there, not add. Quality s---s and it's hurting the bottom line.
I've suspected for a long time that BXB will eventually be shut down.
This is not good.
I can confirm RTP is being wind down due to non-inclusion laws passed by NC. I am in Bangalore and we are happily waiting to add to our head count here. As they says, hate trumps love.
Last year it was rumored to be RTP but that was not true. The actual campus impacted was in Atlanta. I imagine this is the same bad information where someone caught wind of a "south-east Cisco Campus" on the market and wrongly assumed that was RTP - again. The Atlanta (former SA) campus which has capacity similar to RTP has been on the market for some time. This is not new information.
Cisco IT already has plans to relocate any facilities from RTP to Richardson. Any jobs not RIF'ed out of RTP will be moves to Bangalore. This has been in motion for a while as rumored last year but accelerated after the NC g-- hate bill became law. It is what it is.
This story is dubious. It went out last year on BradReese and didn't go anywhere, i.e. this is a troll trying to spoil Thanksgiving and just agitate people. The joy of an anonymous board.
EXCEPT: there may be something to it. Cisco has gotten political and despite what they do on the inside, they want to project a view to the outside. And it would not surprise me one bit if they made a point of the HB2 debacle by de-emphasizing NC labor numbers and making a grand pronouncement of such to the media. They are jamming people in tightly and could stand to reduce labor a bit, yet close a few buildings. And then tell the world they love diversity and NC is wrong about their laws. ... Nevermind what happens inside.
So how many buildings total being closed and sold off in in SJC? Any other offices worldwide people can report on as closing up? Is Bangalore expanding or contracting?
I understand the twelve RTP buildings were at full capacity, about a year ago.
McCarthy Ranch buildings are closing in 2017
It's funny how the worker bees think that just because work is happening that corporate won't make huge changes. Happens all the time. Look at the GE model.
Not possible. Too much happening in RTP just from an infra/DC perspective. Would make more sense to close up some of the mostly empty McCarthy and Tasman buildings in SJC. Way more cost there in real estate and employee salaries.
I'm calling that statement troll bullsh1t.
Are they planning to RIF and relocate? About how many people to be impacted?