151–160 of 294 posts
Will be interested to see if this is followed by Cisco applying for 14,000 H1B visas.
Cisco has offices all over the world, I doubt hey are particularly interested in H1B visas.
Interesting. I live in the south bay right next to the Cisco campus, and the amount of new employees they are hiring is staggering. I wonder how many of the 14,000 are being rehired as a contractor or something?
This seems to be Cisco's standard operating procedure. They do big layoffs from the product groups that are underperforming. But all those affected can apply to jobs in other groups that are making money still. It seems to be Cisco's way to de-staff a product area quickly and let the employees figure out what to do.
Anything to keep the all-important stock price up. Capitalism is wonderful, isn't it?
It's scary seeing all of these lay-offs happening. I'd hate to be looking for a software engineering job right now.
Cisco is hiring software engineers. Look at their acquisitions in the last couple of years and they are software companies. They have a big focus on big data for security analytics.
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> There is a big delta between being fired and being downsized I think you originally meant to say "laid off" versus "downsized" as downsized isn't related to the individual employee but to the company has a whole. Still though except for some background check by a government job or unemployment benefits I see little difference between being fired and laid off. Sure there are some differences but I wouldn't call it a…
Furthermore, you can be fired and still collect unemployment. For an individual employee, there is little difference in actual outcome between the two.
I live down the street from Cisco HQ. I share an apartment building with many of their engineers. Perhaps it is anecdotal, and my evidence comes purely from speaking with them (I have never seen their work), but they come across as absolutely terrible as software engineers. They seem like the kind of company destroying people that are the death knell of every software giant. They have no care for the product, good pr…
It would be impossible to come across as 'absolutely terrible software engineers' just from a conversation without prexisting prejudice.
Its not just Cisco but for a large majority of folks a job is a part of their life not their entire life and it doesn't automatically follow that they are not good or passionate about their jobs, and it's sad that anyone would choose to reach this conclusion just from speaking to folks.
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I always wonder what happens to those software engineers, the "hack through the night" sort of guys. They must eventually burn out, or get replaced by the younger developers who are onto the next "hack through the night" project. There must reach a stage in development where you're considered "too old" (sadly) or haven't kept up with the latest and greatest in trends. What do you do then?? Project manage? Do all deve…
There is a difference between not knowing the latest and greatest, and not keeping yourself updated with the evolution of your tool of choice. Most people will do the former after a while. It's too much time spend with too little gain. The latter however is not acceptable. I want my developers to know about the latest version of .net, and if they're not using linq they're doing it wrong.
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It's kind of strange that massive layoffs like these result in a stock uptick. At least for me it's a sign that the company is probably unhealthy and that its value is going to go down in the future.
Then short the stock. Long-term put options. What could go wrong?
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"Fired" is used to refer to termination for cause. As in, you're being let go because you screwed up. Being laid off is termination without cause. You're just being let go as part of a workforce reduction.
Exactly - getting laid off means that the job you did no longer exists - it is unrelated to your personal skills, performance, productivity, etc etc.