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Cisco workforce reductions

blogs.cisco.com

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Re: Cisco workforce reductions

#51
post #44

"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.

Tim Cook has referred to the “E-Team” in many earnings calls. I am guessing that consists of the SVPs who are above the horizontal line on https://www.apple.com/leadership/

that horizontal line is hillarious. I can imagine the discussions with the designers "just put the fucking line there, I dont care how it looks, its important to separate the two sets of people"

Re: Cisco workforce reductions

#53

The other thing is that the laid off employees will lose all their unvested RSUs. These shares were granted as compensation for past performance but they can now be conveniently clawed back by the company just because they decide to lay you off. Stock can be a large part of someone's compensation in a tech company. Companies shouldn't be allowed to benefit this way if they decide to lay off employees.

Alas this happens in all FAANG layoffs too, some lucky people get to received one more vest but nothing close to all unvested RSUs

Re: Cisco workforce reductions

#54
post #44

Earlier quoted context omitted.

Tim Cook has referred to the “E-Team” in many earnings calls. I am guessing that consists of the SVPs who are above the horizontal line on https://www.apple.com/leadership/

that horizontal line is hillarious. I can imagine the discussions with the designers "just put the fucking line there, I dont care how it looks, its important to separate the two sets of people"

[deleted]

Re: Cisco workforce reductions

#56
post #36

The other thing is that the laid off employees will lose all their unvested RSUs. These shares were granted as compensation for past performance but they can now be conveniently clawed back by the company just because they decide to lay you off. Stock can be a large part of someone's compensation in a tech company. Companies shouldn't be allowed to benefit this way if they decide to lay off employees.

False

What particular point do you find false?
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