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Cisco to lay off about 14,000 employees

reuters.com

271–280 of 294 posts

Re: Cisco to lay off about 14,000 employees

#271

The reported number from Cisco is 5500 (7%) per http://www.wsj.com/articles/cisco-announces-plans-to-cut-5-5... . The 7% number is more of a norm for Cisco at the end of each fiscal year. I wonder why the big gap between the Reuters source and Cisco's own reports.

Reuters (and everyone else) aped it from CRN.

Re: Cisco to lay off about 14,000 employees

#272
post #9

Sweet jesus that's a lot of people! I'm having trouble wrapping my head around that many people being fired.

I'm surprised that they have 14,000 working at Cisco. I know it's a big company, but still.

Total workforce is around ~73000.

Re: Cisco to lay off about 14,000 employees

#273

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…

You appear to have very little respect for your neighbours inspite of not having any real insight or experience with their work. 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…

It absolutely is. We were talking about C++ pointers. 15 minutes of casual discussion at a hot tub a few months back comes to mind - and I could tell they had no idea of:

What a factory was.

What a unique_ptr did.

The dangers of unclear object ownership in a manually memory managed program.

Difference between when to pass by reference and when to pass by pointer.

Re: Cisco to lay off about 14,000 employees

#274
post #96

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…

> They seem like the kind of company destroying people that are the death knell of every software giant. Conjecture: you have never worked for a medium or large software company.

Response: Have worked at Verizon and am currently at Uber.

Re: Cisco to lay off about 14,000 employees

#275

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…

I think its completely off base to conflate "they" the handful of people that live in your building that you have spoken to with "they" an entire company that consists of tens of thousands of people.

I admitted to it being anecdotal and coming purely from limited interaction, and not seeing their work. I think that is enough preface to be the salt with which my opinion should be taken.

Re: Cisco to lay off about 14,000 employees

#278

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…

I was in the first round of layoffs a couple years back and it was so nice. I got severance when their guilt to cash ratio is still high, no survivor's guilt, didnt have to worry about how to keep everything running with fewer backup people and a few missing experts, and I didn't have to worry about which round I would be in, or who else they would let go who made the job bearable.

Re: Cisco to lay off about 14,000 employees

#279

Earlier quoted context omitted.

"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.

Context matters, though. Being one of 14,000 employees let go because they chose to eliminate that entire half of the company doesn't necessarily mean anything. Being one of four engineers chosen to be let go from a team of 20 can say something about your skill level.

That you were the last hired? The most senior (expensive)?

Re: Cisco to lay off about 14,000 employees

#280
post #104

Earlier quoted context omitted.

> those who have worked there in the past constantly raved about how little they actually have to work and how empty the office is on Fridays among other aspects that give the impression that much isn't expected from their engineers. Cisco is a huge place and this varies by person/team/BU. Fridays a lot of people work from home.

> Fridays a lot of people work from home. A lot of my coworkers work from home on Fridays too. Which means a three-day weekend / nothing to show for their time on Monday.

I never understand the animosity shown towards people who choose to work from home. Nothing personal, but I see attitudes like yours in a few of my scoffing coworkers as well.

Do you really know what your teammates are accomplishing? Or how they are spending their workday? Do you go to their homes and peer inside the window? Or is it just some sense of self righteousness you feel by being a good employee who wouldn't ever choose to work from home like those other lazy bums.

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