Employees are offered 3 options
1. Reduced work week. Work four days a week and receive a 20% pay cut.
2. Early Retirements for Folks who are over 50 plus have 7 years cummulative experience at Cisco
3. LR happening October 7. Total number to be affected not announced yet. Employees would get job at risk notification to prepare.
Taking option 1 does not prevent you from being laid off. However if you dont take it and you are laid off, you might be offered that option again.
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comments
I know the eligibility requirements, but don't know what they're offering in terms of $ or over what time.