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Cisco to lay off about 14,000 employees

reuters.com

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Re: Cisco to lay off about 14,000 employees

#161

Earlier quoted context omitted.

I know I'm cynical, but from what I've seen, the massive skill shortage is specifically for young, early career software developers willing to work for somewhat subpar wages. A 45 year old embedded systems manager would have a much harder time finding a new job.

Is that because they're too expensive or because potential employers undervalue their skills??

Is there a difference?

Re: Cisco to lay off about 14,000 employees

#162
post #158

Earlier quoted context omitted.

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.

But if they are not using WCF they are doing it right! Not all evolutions of the tool should be followed blindly.

Indeed. Pioneers are the people with arrows in their backs. For a stable system it's reasonable to wait before adopting change; especially if large areas of the existing system are built with a previous technology. Moving to new changes results in internal inconsistency, and possibly problems at the boundaries.

Re: Cisco to lay off about 14,000 employees

#164

Earlier quoted context omitted.

White box switches are all great in the data center if we are talking about a shitload of layer 2 and TRILL, but somebody still has to manufacture the core routers capable of advanced IP layer 3 features at line rate 400-1000Gbps bus backplane per slot. You're not going to whitebox replace an ASR9010 with 3rd generation line cards.

It's a much smaller market than the old "everything with more than one network port should be Cisco" mantra, though. Yeah, Cisco won't disappear any time soon, but their market is shrinking.

> Yeah, Cisco won't disappear any time soon, but their market is shrinking.

do you think cisco is in danger of becoming SGI of networking ?

Re: Cisco to lay off about 14,000 employees

#165
post #160
post #130

Earlier quoted context omitted.

Exactly - getting laid off means that the job you did no longer exists - it is unrelated to your personal skills, performance, productivity, etc etc.

Additionally, being laid off usually results in at least a respectable severance package. Being fired generally means you only get the minimum legally owed to you.

It also effects your ability to find work. Being laid off can be completely out of your hands and isn't always something that works against you.

Re: Cisco to lay off about 14,000 employees

#166

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?

Oh my god you are probably right, at least according to their jobs website [0]. There are plenty of jobs posted, I looked at a few job categories and there are pages over pages of openings in their database. Not 14,000 though, it seems like maybe 3,000 at most. Still a lot for a company with such a headline. [0] https://jobs.cisco.com/

An acquittance who worked at Cisco mentioned a month back or so that it was in trouble. In fact, the person mentioned switching over to another company for the same reason.

This news suggests that those apprehensions were not unfounded.

Re: Cisco to lay off about 14,000 employees

#168

Let's just say the average salary is 70k which is very conservative. That is 14k * 70k annually lost from the local community, a grand total of 980M or let's just say 1 billion annually. Looking for another job when there are massive cuts like this also degrades the salary they accept on their next job because of the competition. I wish companies, if possible, throttled layoffs a bit more instead of large chunks like…

> I wish companies, if possible, throttled layoffs a bit more instead of large chunks like this, but that is unlikely as the board/CEOs are looking for a stock uptick when they do and don't want to drag it out to affect the market value (translation: their own pay / stock value/price).

Have you ever actually been part of a company that did layoffs in chunks like you're suggesting? Experiencing that type of protracted wave of layoffs is not fun at all. In fact, it was down right miserable. Going to work each day with the threat of layoff looming over your head is an incredibly stressful experience.

You might consider that there is more at play than just a few executives getting greedy about dollars.

Re: Cisco to lay off about 14,000 employees

#169
I interviewed with them a half-year year ago and I didn't get the position because of a "hiring freeze" in the department.

This is the third major "dodge" of my career and I feel somewhat lucky to miss out on opportunities before they cause potential harm.

Re: Cisco to lay off about 14,000 employees

#170

Let's just say the average salary is 70k which is very conservative. That is 14k * 70k annually lost from the local community, a grand total of 980M or let's just say 1 billion annually. Looking for another job when there are massive cuts like this also degrades the salary they accept on their next job because of the competition. I wish companies, if possible, throttled layoffs a bit more instead of large chunks like…

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