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Cisco workforce reductions

blogs.cisco.com

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Re: Cisco workforce reductions

#21

Post by UltraSane »

kjellsbells wrote: post #19
totetsu wrote: post #11

>To those leaving Cisco, thank you for your contribution, your dedication, and the mark you have made on this company. We are deeply grateful and are committed to handling this transition with the care, clarity, and respect that defines our culture. Who the hell needs gratitude if you can't earn an income.. seeing all of these layoffs I cant help but think something along the lines of .. Those of use who greatest ass…

lately I've been stuck by the similarities between the conversations workers are having now (we are toiling to increase someone else's capital, and need to reverse the imbalance of power) and the conversations people had in the 1920s and 30s. With the benefit of hindsight we know that marxism didnt help, but I can see why the siren song was so attractive back then. Time to reread Eric Hobsbawm.

Starting around 1970 the rich started working very hard to expressly undo the power labor gained during the New Deal.

Re: Cisco workforce reductions

#23

Post by wahnfrieden »

33MHz-i486 wrote: post #16

its sickening that these companies making 10s of Billions in profit annually at 60% gross margins are going to throw their employees that got them there under the bus. layoffs are for at risk companies undergoing restructuring not semi-annual financial engineering of your earnings release I’m not a big collective action proponent historically but in the face of this bs, it might be time.

Layoffs are not “for” that. That’s your fantasy.

You believe more in the individual relationship each worker has with their employer to negotiate times like these? With what power? The employees did excellently so they are being let go. The individual worker has no leverage for anything.

Re: Cisco workforce reductions

#26

Post by ivraatiems »

0x0000000 wrote: post #7

This kind of behavior is never tolerated in the market. Your revenue is flat; they lay you off. Right away. No trial, no nothing. Your revenue is down, right to layoffs, right away. Revenue grows but less than guidance? Layoffs. Record revenue exceeding guidance? Believe it or not, layoffs.

We have the best market in the world, because of ~~AI bubble~~ layoffs.

Re: Cisco workforce reductions

#27

Post by alexandre_m »

ralph84 wrote: post #20

> We will provide support in finding new opportunities, whether internal or external, through Cisco’s placement services – a program that has seen 75 percent of participants discover their next role. 25% unemployment doesn't seem like something to brag about.

Maybe they found something outside the program, but your cynical take is way more entertaining.

Re: Cisco workforce reductions

#28

Post by ivraatiems »

kjellsbells wrote: post #19
totetsu wrote: post #11

>To those leaving Cisco, thank you for your contribution, your dedication, and the mark you have made on this company. We are deeply grateful and are committed to handling this transition with the care, clarity, and respect that defines our culture. Who the hell needs gratitude if you can't earn an income.. seeing all of these layoffs I cant help but think something along the lines of .. Those of use who greatest ass…

lately I've been stuck by the similarities between the conversations workers are having now (we are toiling to increase someone else's capital, and need to reverse the imbalance of power) and the conversations people had in the 1920s and 30s. With the benefit of hindsight we know that marxism didnt help, but I can see why the siren song was so attractive back then. Time to reread Eric Hobsbawm.

And to think, if they could just take less, and be satisfied being billionaires, not tens of billionaires, this could all be avoided... people don't ask for much. Give them a little, you'll be fine.

But that won't please The Market.

Re: Cisco workforce reductions

#29

Post by alephnerd »

0x0000000 wrote: post #7

This kind of behavior is never tolerated in the market. Your revenue is flat; they lay you off. Right away. No trial, no nothing. Your revenue is down, right to layoffs, right away. Revenue grows but less than guidance? Layoffs. Record revenue exceeding guidance? Believe it or not, layoffs.

> This kind of behavior is never tolerated in the market

This is Cisco. They do layoffs every quarter and have been doing so since the early 2000s.

Re: Cisco workforce reductions

#30

Post by jjtheblunt »

"Executive Leadership Team" is such an interesting phrase. Never in several years inside Apple spanning Steve Jobs and Tim Cook heard any such condescending nonsense.

I believe it's because they truly didn't think that way.

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