Confirmed - Massive layoffs at Cisco
https://www.reuters.com/business/cisco-cut-thousands-jobs-it-seeks-focus-high-growth-areas-sources-2024-02-09/
Brutallyhonest
Stealth
7 months ago
They had hired great leaders from Google and Swiggy and now this!!!
Brutallyhonest
Stealth
7 months ago
Sorry, did not understand this sarcasm
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These layoffs are less about removing employees and more about market salary correction. After math of the pandemic saw great rise in salary/experience ratio. Now that many are ready to work even lesser, they are laying off some high expense positions and hire new employees with lesser salaries.
True, even I noticed this, the high paid are the ones who are laid off, not just here at Cisco but even in other companies.
Agree with this.
If employees have been told to settle on less salary than company's reputation would be at stake. Probably that's why they are considering laying off extra fat
FirmHockey
Stealth
7 months ago
Their total headcount is approx 80,000+ and 5% is 4250 people according to peerlist.io/layoffs-tracker
Gulaabjamun
Student
7 months ago
Bro kuch bhi 😄
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Which vertical .... I can see there are hiring in the cloud and devops profiles..
As someone who has worked for Cisco for a long time, these numbers are kinda regular.
Exactly what I thought. When I was in Cisco, I remember everyone being pretty used to this every year. And many of them were already aware which team would be impacted
marwari
Stealth
7 months ago
Cisco has declared the recession!
5% but ya maybe by employee count it can seem massive. But isn’t it global
Idk about the reason, but yeah it could be anything just to cut expenses, they gonna give vague reasons for the layoffs
FirmHockey
Stealth
7 months ago
Total 4250 people got impacted! ☹️
https://peerlist.io/layoffs-tracker
monkeman
Student
7 months ago
What are the professions most impacted, engineers?
Waddup
Student
7 months ago
Knew it! It was coming. They just mass hired so many entry level in this two months.
mask
Stealth
7 months ago
5% will let people know by today (15th US time) via email. Got this from my friend who is working there.