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
5% isn't much honestly?
Their total headcount is approx 80,000+ and 5% is 4250 people according to peerlist.io/layoffs-tracker
Bro kuch bhi 😄
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
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?
Source is someone from Cisco. Can anyone else validate or reject this leak/rumour?
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
