Why hasn’t Cisco been performing well lately? What’s the main reason? Do you think they’ll lay off employees next year like this year?
A lot of employees are reporting on blind that they were laid off after Cisco had a good Q4 results. Security BU had over 300+ impact, Webex/Collaboration , Wireless, Meraki etc. Cisco did a similar one in May after the Q3 announcement. These days, it is done silently after the last fiasco when the news of the layoff leaked via Reuters. All laid off folks should apply for unemployment.
7% of global workforce confirmed. 5% cut in February 2024.
As of Aug 15th 10:20am PST, it does not seem like any emails have been sent out about who is being laid off
Just got layoff by Cisco, my manager doesn’t know which HR is going to take care of my case, and doesn’t know what the package is. Is it true? It’s funny that another team member is survived even he can’t speak proper English….just because he likes to kiss the mgr’s ass lol. Somehow I understand as mgr always likes to have someone that they can control regardless of the performance.
Apparently there were some changes at Cisco today? Everyone ok?
Just got laid from Cisco. I had no idea I would be impacted it was completely silent. Just got into call with manager, had to hear a script from the manager. Asked to sent out a email. I had whole bunch work planned out for next 3 quarters.
Job security is a joke nowadays.
Cisco Systems is laying off 7% of its workforce, the company announced in a filing with the Securities and Exchange Commission on Wednesday. It’s the San Jose tech giant’s second time slashing thousands of jobs this year.
https://apnews.com/article/cisco-job-cuts-technology-layoffs-78ad036870555f53fe03739cf1ae76f9
Seeing news about possible Cisco layoffs. Just wondering how folks are doing. Tech job market is out there. Keep on learning, keep on growing and stay strong everyone.
Aug 9 (Reuters) - Cisco (CSCO.O) will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company's fourth-quarter results, said the sources, who were not authorized to speak publicly.
Reuters exclusively reported the job cut that San Jose, California-based Cisco announced in February, prior to the company announcing it.
The company employed around 84,900 people as of July 2023, according to its annual filing. That number does not account for the February layoffs.
Cisco did not immediately respond to a request for comment.
https://www.reuters.com/technology/cisco-lay-off-thousands-more-second-job-cut-this-year-sources-say-2024-08-09/
It was my turn to be terminated today from Cisco. We had a group call, and a manager read from a script. When they finished reading the message, the call ended. There were no questions. We were told to check our email for more data. I thought perhaps thanking us for our service would have been a nice thing to say.