Sad state of affairs. What GV community can do to help fellow members who are impacted?

Need to see Indian numbers, Indian account is strong hoping it's not impacted

Software Developer

Lawyer

https://www.cnbc.com/2024/02/14/ciscocutting5percentofglobalworkforceinrestructuringmove.html

https://www.cnbc.com/2024/02/14/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html

Cisco to layoff more than 4000 - That is some big number!

Data Scientist

Cisco to layoff more than 4000 - That is some big number!- Grapevine

Is it true that CISCO is going to lay off 7% of its employees? Why are there so many layoffs happening in these times? Is technology taking our jobs?

CISCO Layoff

Cisco will be laying off people next week. Numbers can be in 1000s

https://officepulse.live/cisco-layoff

https://finance.yahoo.com/news/cisco-cut-thousands-jobs-seeks-175409508.html

Cisco planning layoffs

Software Architect

https://www.reuters.com/business/cisco-cut-thousands-jobs-it-seeks-focus-high-growth-areas-sources-2024-02-09/

Confirmed - Massive layoffs at Cisco

Software Engineer

Source is someone from Cisco. Can anyone else validate or reject this leak/rumour?

Cisco to lay off 8-10k next week?

Investor

Welcome to News Discussion's Private Community

- Cisco shares surged in after-hours trading following the announcement of a 7% global workforce reduction and better-than-expected quarterly results.
- The company reported adjusted earnings of 87 cents per share and revenue of $13.64 billion, surpassing analysts' estimates.
- Cisco's restructuring plan will incur $1 billion in pretax charges, with $700 million to $800 million recognized this quarter.
- This marks the second major layoff this year, following a 5% workforce cut in February, as Cisco navigates declining sales in its core networking business.
- Despite a 10% revenue drop in the fiscal fourth quarter, increased subscription revenue from the Splunk acquisition helped Cisco outperform expectations. 

 Source: [CNBC](https://www.cnbc.com/2024/08/14/cisco-csco-earnings-report-q4-2024.html)

Cisco Announces 7% Workforce Reduction Amid Earnings and Revenue Beat

Journalist

Cisco 2024 layoffs, anyone impacted?

Software Test - QA

Hello all any updates on layoffs at Intel? News says 15000 globally

https://techcrunch.com/2024/09/17/ciscos-second-layoff-of-2024-affect-thousands-of-employees/

Cisco second layoff 😔

According to a report, Amazon will be terminating 10,000 jobs starting this week, which represents less than 1% of its 1.5 million global employees and around 3% of the company's corporate staff.

Amazon to layoff 10,000 employees

Goldman Sachs laying off a big chunk of their workforce, about 4000!

Layoffs

Last December there were planned layoffs at Cisco which was known to everyone in advance along with the dates and the percentage of people to be laid off. This seemed fair at the time.

Now they have laid off people on a random Monday with no prior information or any talks in the company about the same, managers just told that people who are affected have been informed and not to spread rumours, etc (all managers lingo).

Most people were in a higher position in Tech and PMs(as per what I have heard), but surprisingly the managers were not involved and no one knows the criteria of layoff(upper execs did the layoffs). The performance issue was not the cause(confirmed by the manager) then what is the criteria?

Does anyone here have any idea what these people see when they do the layoffs? Assuming the project is still on, and the person did not have any performance issues? I am curious.

FYI - I wasn't affected (luckily).

More layoffs at Cisco

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days).
We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. 
We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. 

Outside the US, we’ll support employees in line with local practices.

Google layoff details

https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/tech/technology/accenture-to-cut-19000-jobs-trims-forecasts/amp_articleshow/98943110.cms?amp_js_v=0.1#webview=1&cap=swipe

Accenture Layoff

Business Development Manager

https://www.moneycontrol.com/news/business/cognizant-says-revenue-will-decline-in-2023-to-lay-off-3500-employees-10523261.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Cognizant to layoff 3500 Employees

Founder

Welcome to 2nd month of 2024.

After Big tech like Amazon, alphabet and Microsoft now big telecom firms are also following the suit.

After Ericson and Nokia, Cisco has decided to lay off 1000s of employees...

Do u agree that firing employees will boost growth in all cases??

If yes, how safe r u!

Layoffs = High Growth 📈

Senior Consultant

Cloud data integration leader Informatica slashes their workforce by 10% today. I.e around 500+ positions.

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