“You were part of our journey…but the time has come to part ways as we reset our strategy” https://www.cnbc.com/amp/2024/02/14/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html #severance #layoff
Eh, we do it every year, twice 🥱
I assume this is a global layoff. How many in the US?
They do it every 6month before pandemic, for your education
Yea but not usually this many at one time. And there will be more this year.
how many? Was it 4250+ every 6 months? This probably amounts to 4 years worth of layoffs/restructuring
This is a yearly ritual for them!!
We used to call it the hungers games. You just hope your district wins
Have to replace our CEO if anything has to change around here.
That’s meaningless. While he was at Wang Labs, John Chambers had to do a massive layoff. I remember well how he spoke about this at Birthday Breakfasts. He assured us that if he ever had to do this again, he would resign. A few years later.. this did start happening.. Chambers changed his mind and stayed on. The Board rewarded him handsomely for the cost savings
How many employees cisco has in US?
"As of July 29, 2023, we had approximately 84,900 employees" 47.6% in the US, so about 40,400.
DM for referrals.
I might have to if I get notified lol
Does Microsoft referral ever work?
When are the notifications coming out?
Right now
Did it already happen today or is it a warning that it's upcoming?
It hasn’t happened yet
Cisco is on my list of ‘never apply for any job’
On mine too!
I thought Cisco is a retirement home
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Consequence of failure of riding the AI wave? They could have invested in GPU switching fabric like Broadcom did.
Could Broadcom pick up some of the Cisco layoffs?
I thought Cisco is riding the AI wave? Silicon One can be used for GPU swithcijg