Cisco layoffs 2024 reddit california Cisco has a hiring freeze going right now, they are seemingly planning to dump after earnings announcement. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. Cisco will cut thousands of jobs in a second round of layoffs this year as the US networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar 15 votes, 14 comments. SF Gate Logo Hearst Newspapers Logo Aug 20, 2024 · The San Jose, California-based company announced its second round of layoffs as it reported lower than expected earnings during the year, its net income during the quarter down by 45% on the year I personally think something between this article and what you predicted will come to fruition in 2024. Cisco filed 31 WARN layoff notices from Oct 2008 to Nov 2024 in California, Georgia and Texas. The executive team only cares about Wall Street and stock price and nothing else. But, also, the mismanagement from the executive leadership levels. If provided, it would be beneficial for people to check those against California WARN requirements as fines/payouts can be hefty. Cisco’s widely publicized layoffs have affected over 9,000 workers this year—about 4,000 in a layoff of about 5% of the total employee population in February 2024, and another, more recent, layoff of about 5,600 (or roughly 7%) in September. My company once worked with Cisco to implement some feature at our facilities. Analysis. The 'always be hiring, always be firing' method feels terrifying to work under. announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. Here are some details of the recent layoff disclosures affecting tech workers in the Bay Area, according to the state EDD reports: — Cisco, 53 job cuts in San Jose. Aug 14, 2024 · Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year. - Another round of layoffs is impacting the tech world. S. fyi. For example, California has a state law known as the California WARN Act, which covers employers with 75 or more employees and provides some additional protections, such as requiring notice to be given to employees who are terminated as well as the state. - Cisco is a dinosaur (old Posted by u/Peeecee7896 - 1 vote and 1 comment I'm sure it takes more effort to launch them, but maintenance has got to be easy enough yo justify the layoffs seen at Twitter, Amazon, etc Reply reply SomethingGoesHere00 Nov 30, 2024 · The Layoff discussion - User says: ``California Unemployment. Recently, the tech sector has been making headlines for layoffs. In the survey, nearly four in 10 companies said they are likely to have layoffs in 2024, prompting increased fears of a recession around the corner. Cisco Systems announced on Wednesday that they plan on laying off 7% of its global workforce as they shift to focus on Feb 26, 2024 · The recent round of Cisco layoffs includes about 729 jobs in the Bay area by April, according to WARN notices filed by Cisco Systems in February. What isn’t listed is all the other companies that had strategic layoffs to void the PR hits. Recent Announcements. we're at like 5% layoffs from the addition Cisco ended fiscal 2023 with Q4 revenue at $15. Aug 16, 2024 · [RELATED: The 10 Biggest Tech Company Layoffs Of 2024 (So Far)] Cisco Layoffs. 97, up 43% year over year, and Non-GAAP EPS $1. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. I. Smaller-sized Sep 18, 2024 · With about 288,000 employees worldwide at the end of 2023, the "very low single digit percentage" possibilities for 2024 might be 1 percent (2,880 layoffs), 2 percent (5,760 layoffs), 3 percent (8,640 layoffs), or more. And they aren't small either. Similar to a breakup - the firstone is always the hardest. We encourage you to post about layoffs within the company that you work for. They can add the layoffs to the last years report. As one of the major players in Silicon Valley, Cisco’s restructuring efforts are raising questions about the future of the company, its employees, and the broader tech industry. layoffs See full discussion thread at TheLayoff. layoffs ``It’s basically confirmed that this point. When asked why the companies were engaging in the layoffs, half said the anticipation of a recession was a reason. fyi logs over 23,600 tech job cuts so far this year. The layoffs include 601 employees at manufacturing facilities and engineering offices in Palo Alto and Fremont, California, according to a May 13 Worker Adjustment and Retraining Notification (WARN) Act notice. Live Downloads Reviews: March 31st, 2024 – San Francisco . 3 billion in profit. 7,214 employees were laid off in total from these layoffs. Aug 14, 2024 · Wed, Aug 14, 2024, 5 layoff round the network equipment maker has conducted since late 2022. They bolted out the gate almost at the same time as Zoom, MS Teams. We’re only half way through this. Remote employees out first, followed by junior to PayPal, then the teams that makes lower revenue. Not done yet, There is a 10,000+ for vendors layoff coming at Google. California, did not specify the number of jobs it is cutting. — Riot Games, six IBM will never stop layoffs the company has been run that way for last 7+ years now. Make sure to follow the Community Code of Conduct while participating in this thread. Aug 14, 2024 · San Jose-based Cisco is laying off thousands of workers for the second time this year; the company’s 2024 fiscal year wrapped up with $10. In total, at the end of this year, Cisco will have laid off 12% of its work force. Some 100+ FTEs also. They can inflate or deflate their earnings for the last year because they have time report the last years earnings after the a certain date. With AI getting better the potential for bigger, crueler layoffs are getting bigger day by day. So the lesson is for us to all stay prepped and make the most out of it. Layoff is like a bad experience tha tmakes you stronger. Following significant workforce reductions in 2022 and 2023, 2024 saw more than 150,000 job cuts across 542 companies, according to independent layoffs Yeah - Cisco is pretty routined about layoffs. Wife works there and the list is being prepared. Mass Job Cuts. Impacted employees include those based out of San Diego and Santa Clara in multiple roles, from engineers to legal counsel to human resources, with job reductions coming around The first year he took over Cisco CEO Chuck Robbins declared Cisco is a software company now. Smaller-sized The Democratic Party is building a better future for everyone and you can help. Cisco's layoffs come just Feb 10, 2024 · Click to share on Reddit (Opens in new window) the Bay Area tech layoffs so far in 2024 equate to nearly one-fifth — 19. Intel’s quarterly earnings report disappointed investors and its stock took a nosedive following the announcement. As of July 2023, Cisco employed 84,900 people overall. In my estimation, they brought this on themselves. It is higher than normal at one time and there are more coming the next 3 quarters according to the earnings release. The downward trend, I believe, started when Cisco raised prices by >35% from 2020 until 2022. As giants cut staff, many are expanding in AI - raising concerns about automation's impact. 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. every year its the same story. Confirmed - HR and Directors watching this Forum, and commenting… Posted by u/Sad_Conclusion8488 - 1 vote and no comments Recent layoffs that hit the part of the company that had been meeting projections are laughable. com Mar 4, 2024 · Upcoming layoffs in California now begin to surge as more businesses file WARN notices advising of new job cuts. Vendor layoff is technically not a layoff and thats what companies will cater towards more. In 2022, the company had already reduced its workforce by 4,000 employees, and an additional 350 employees were laid off in the following year. The California-based company plans to invest in key Feb 12, 2024 · Published February 12, 2024 10:06am EST | Updated February 15, 2024 9:24am EST Cisco to cut 5% of global workforce Companies planned 82,307 job cuts in January Feb 9, 2024 · A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, U. As a former Cisco employee as of Jan 4, 2024, you’re right. Dec 23, 2024 · Intel, SAP, Cisco, Xerox, and Ingram Micro were among the tech companies that had major layoffs in 2024. No innovation out of them in years. While noteworthy, it doesn’t mean these employment losses represent the job market as a whole. Jan 18, 2024 · The Layoff discussion - User says: ``February 2024 layoff details'' regarding Cisco Systems Inc. I am hearing META is also planning smthing same for vendors. Aug 26, 2024 · Click to share on Reddit (Opens in new window) Subscribe; New waves of Cisco layoffs surface as tech job cuts worsen in Bay Area 2023 and so far in 2024, tech companies have revealed plans Raytheon used to provide statistics on the layoff to those laid off. Sep 18, 2024 · This newest round of layoffs is hardly unsurprising, given that Cisco announced its intention to reduce headcount in August 2024 but delayed releasing details about which employees and departments 112 votes, 26 comments. More than half of companies also said they plan to implement a hiring freeze in 2024. So PLEASE stop coming on here and touting layoffs when none exist. 6% — of all of the tech job cuts that occurred in the nine-county Sep 12, 2024 · The Layoff discussion - User says: ``Drill on 9/16'' regarding Cisco Systems Inc. All the best things to do, to see, and discuss in the San Francisco Bay Area! Didn’t Elon recently say that think of government as one big corporation that owns all other corporations. But less than the bloodshed of 2023. Since the application process itself is often nothing short of herculean and time-consuming to boot, this place is meant to serve as a talking ground to answer questions, better improve applications, and increase one's chance of being 'Referred'. The technology and networking company announced in August that it would reduce its headcount by 7% Sep 20, 2024 · Including the latest rounds of cutbacks, San Jose-based Cisco has chopped 2,649 jobs in the Bay Area since 2022, this news organization’s review of Cisco’s WARN filings with the state EDD show. CA WARN notices shows 62 layoffs in CA on 5/25, were received 4/4, listed 4/8. Subreddit dedicated to the news and discussions about the creation and use of technology and its… Oct 17, 2024 · The Cost of Layoffs. They do layoffs every year at this time because of the last quarter and end of the year earnings report. Aug 16, 2024 · New Mass Layoff Sends California Job Losses Soaring. They will start Hiring again after August 1st. 14, up 37% year over year Feb 15, 2024 · Cisco Systems, however, has slashed 1,023 jobs in the Bay Area over a period that consists of 2022, 2023 and so far in 2024, according to this news organization’s review of WARN notices that Aug 15, 2024 · SAN JOSE — Cisco Systems will slash thousands of workers worldwide, a fresh jolt to a shaky Bay Area economy and an unsettling reminder that the region’s tech layoffs have yet to run their course. Unfortunately leaning more in favor of this article’s FUD but not not as bad as it predicts. Aug 16, 2024 · Bay Area tech giant Cisco Systems has announced a second major round of layoffs this year as it refocuses the company toward growing areas such cybersecurity and artificial intelligence (A. Tbf they did 12k layoffs last year, and we're only 2 months into this yr. Join Codecademy's Director of Engineering, Akash Mohapatra: An AMA on building tech careers, Software Engineering, and more! They layoff the bottom 3-10% of their company every single year. Earlier this month Sep 20, 2024 · Cisco layoffs hit California workers by Michael Cooney. Arista is eating their lunch in the data center space, simply because they have a product that's extremely similar to Cisco's without a insurmountably complicated licensing framework. 15K subscribers in the the_everything_bubble community. Oct 12, 2024 · The tech layoff wave is still going strong in 2024. . Layoffs. '' regarding Cisco Systems Inc. Cisco plans to lay off thousands of additional workers this year, according to a Reuters report, in A subreddit where redditors can share their stories related to being laid off from their jobs and provide resources to those who are going through a challenging time. Newly released state documents show that the Dec 30, 2023 · Cisco has to report this financially since it is a clear loss on the balance sheet and at least one media outlet would write about it and there have been NONE. One of the bigger factors layoffs will continue is because borrowing money is too expensive and the existing loans that businesses took out will roll over into the new year with the new interest rates. All in the name of 'optimizing for growth around AI' - Layoffs are happening twice a year at this point. You will learn a lot working for a vendor, you will probably get access to resources, tools and people you won’t get access to outside of a giant like Cisco. Cisco's track record of software products is a dumpster fire of failure after failure after failure. These layoffs were anticipated, but which employees would be affected was only as good as anyone’s guess. Nov 8, 2024 · Cisco Systems, a tech industry leader known for its networking and security solutions, has recently announced plans for layoffs in 2025. This is fairly typical and not a good company to work for if you plan to just coast. AI is the wildcard though that could make this story come true in 2024 depending on how much GPT progresses in Jan 8, 2025 · The tech layoff wave continued through 2024. TWICE. 81K subscribers in the Cisco community. Senior Editor Cisco layoffs hit California workers. Join us today and help elect more Democrats nationwide! This sub offers daily news updates, policy analysis, links, and opportunities to participate in the political process. Worse thing you can do is sit there and worry and not prepare or do something about it. Aug 15, 2024 · SAN JOSE, Calif. Posted by u/solo-dolo-yolo- - 1 vote and no comments We are here to provide breaking layoffs news! This is an open forum for you to discuss layoffs. In addition to disclosing the job cuts, Cisco reported strong fiscal second-quarter results but gave a light forecast. Even though it happened this year. 319 employees in California, and 251 employees in The San Diego, California-based company will be laying off about 1258 roles in California, according to a filing with the California Employment Development Department. Why pay a US white collar $15/hrs, an indian/Mexican $3 per day, when you can pay a dime/pennies per day for AI bots?!?! Future is getting fucking dystopian Feb 15, 2024 · Cisco’s Total Layoff Casualty Count Almost Hits 10,000 Cisco’s latest round of cuts echoes an eerily similar action made in 2022, when the technology handed out pink slips to 5,000 workers Aug 13, 2024 · Update: On Wednesday, Cisco announced it will lay off approximately 7% of its global workforce. Sep 26, 2024 · In August, a Cisco employee told TechCrunch that the company had “become the most toxic environment I’ve ever worked in, and the mood, as evidenced by comments on internal platforms, is as dark as I’ve ever seen it. If I was a CEO I would have no footprint in CA, smart people exist in other parts of the USA so there is no advantage to the high taxes and crazy politics of California. After 3 Years of Vegas Save the date Cisco Live will be held June 8-12, 2025 in San Diego, California. We just need detailed info like this for 2 reasons: (a) actual evidence that the unemployment is not just tech or in california ( i kid you not, a bidenista in new York is saying the lay offs are only in california) (b) open positions are also contracting because of the "efficiency" strategy of CEOs to pump up their stock price. As Tesla layoffs continue, here are 600 jobs the company cut in California Company News As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Feb 14, 2024 · Technology company Cisco announced Wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company-wide restructuring. I'd add in that I've been with Cisco for over a decade and despite the layoffs/reduction-in-force motions, I've only felt insecure in my role once, and that was during covid because 75% of my role involved speaking at conferences and summits and those had all stopped. August 11, 2022. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker Layoffs. ), Sep 21, 2024 · SAN JOSE, Calif. The layoffs are a failed result because managers aren’t listened to when they stress to their directors the overview of their departments. Obviously thats just CA. Aug 9, 2024 · Aug 9 (Reuters) - Cisco , opens new tab will cut thousands of jobs in a second round of layoffs this year as the U. Cisco's track record of hardware products is a strong legacy of successes, with the occasional swing & a miss. Assuming a fixed cost per employee, last year's charge and job cut disclosure suggests about 5,200 positions would be CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Cisco’s own excitement for the AI era came through in an optimistic forecast for the first quarter of fiscal year 2025. Basically the layoffs would happen after elections is not surprising at all. Aug 20, 2024 · After tech giant Cisco announced plans for its second round of layoffs this year, employees tell TechCrunch that they will not know if they are affected for close to a month. I was asked to join an ongoing call, because of some configuration issue we had. It’s not good. This is no surprise, ALL large Pharma companies are doing cutbacks, especially in states like California which are crazy expensive for businesses and individuals to live in. Feb 26, 2024 · Here are the five most recent layoff disclosures before the latest Cisco layoffs that involve tech workers in the Bay Area: — Instacart, 105 job cuts in San Francisco. Splunks had over 4,000 employees Small compared to Cisco yet but extremely top heavy. The layoffs come after Splunk, a cybersecurity firm, announced it was laying off 537 employees ahead of its acquisition by Cisco. Feel free to post news articles, or rumors of layoffs. So far this year, 144 tech companies have laid off almost 35,000 workers, according to the website Layoffs. - Hundreds of Cisco Systems employees will be laid off as the company shifts focus to artificial intelligence and cybersecurity. yeah you always have people complaining in these comments about laying people off for shareholders or whatever but the layoffs are under 25k people when theyve all doubled their employees, adding literally hundreds of thousands of jobs. Cisco offered free WebEx for 6 months and this was really headed in the right steps. Reply reply Posted by u/intelligentreviews - 16 votes and 1 comment Yes, the layoffs are in response to the pandemic-era over hiring. Drill on 9/16 - post regarding Cisco Systems Inc. Aug 14, 2024 · Cisco’s layoffs come just two weeks after chipmaker Intel Corp. Or made major changes to their policies to push people out the door like RTO, changes to pension plans, etc. The entire world is in an "everything bubble". CEO Alex Chriss wants to go lean and he is very clear about that. Earlier this week, Cisco was the latest tech company to implement mass layoffs. networking equipment maker shifts focus to higher-growth areas, including This subreddit is for all those interested in working for the United States federal government. Namaste! Thanks for submitting to r/developersIndia. Aug 14, 2024 · The San Jose, California-based company estimates it will recognize pre-tax charges of up to $1 billion in connection with the restructuring plan, with $700 million to $800 million of these being Aug 11, 2024 · Reuters reports that Cisco Systems will cut thousands of jobs in its second round of layoffs this year. Cisco’s 2024 layoff timeline. Cisco: Up to 9,850 Layoffs. Microsoft eliminated 1,900 gaming roles months after a $69B Activision buy. ” That sentiment was echoed in a September 19 comment at The Layoff: “Cisco is not a healthy place. Sep 16, 2024 · Introduction If you’re reading this article, you’ve probably been impacted by a round of LR (Limited Restructuring) – aka Layoffs at Cisco. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. This article has resources to help get you…Continue readingCisco Layoffs 2024 – Resources and Recommendations Sep 17, 2024 · U. Post anything you like about any bubbles in… 15M subscribers in the technology community. Any layoff is still awful for those effected though. Thanks. February 2024 layoff details - post regarding Cisco Systems Inc. and the state lists the California-based Feb 13, 2024 · Cisco to layoff 9000 employees in 2024 The specific impact of these layoffs on Cisco's role within the telecom sector remains to be seen, as company executives are reportedly still in the process of identifying the affected personnel Sep 9, 2024 · The Layoff discussion - User says: ``Confirmed - HR and Directors watching this Forum, and commenting… '' regarding Cisco Systems Inc. Gets easier from there on but never totally easy. 2 billion, up 16% year over year; GAAP EPS $0. Published Aug 16, 2024 at 8:35 AM EDT Updated Aug 16, 2024 at 9:57 Silicon Valley headquarters of networking company Cisco, San Jose They are getting ready to do a layoff before the end of the quarter (July 31st) They are internally predicting an earnings miss or near miss. Aug 16, 2024 · Cisco has announced it will be laying off 7% of its workforce or 6, 000 employees to restructure its business plan and pivot towards AI. Feb 15, 2024 · SAN JOSE — Cisco Systems, in another brutal round of layoffs for the tech industry, has sketched out plans to slash more than 4,200 jobs worldwide, the network equipment maker stated in a PayPal is going to layoff a substantial number between 31 Jan, 2024 to 15, Feb 2024. Non-publicly traded companies that did layoffs in waves or offered enough of a layoff package to not have to post WARN notices. Then could take rest of 2024 and even better half of 2025 until rates come all the way down. A: Some states have their own "mini-WARN" laws that provide additional protections or cover smaller employers not covered by the federal law. Sep 19, 2024 · According to WARN notices, 563 employees will be laid off at Cisco’s San Jose office at 170 West Tasman Drive; 145 employees at its Milpitas office at 560 McCarthy Blvd. Cisco is a giant, I’m sure in some respects or certain products they are not what they use to be but they are in others. (Also from an outside perspective) Cisco did not. Wtf really. There were 16(!!!) indian guys from Cisco side, nobody knew the answer to any question, each of them just delegated the question to the next indian guy. Reply reply PattiPerfect • China is banning Intel and AMD Oct 31, 2024 · The tech layoff wave is still going strong in 2024. Sep 20, 2024 3 mins. Won’t be shocked either when in 2024 narrative changes to happy times via government rescues. 601K subscribers in the bayarea community. An unofficial, casual place for State of California Workers, Union Members, Prospective Employees, and other people interested in State employment to discuss news, events and other items. Cisco licensing has become an absolute dumpster fire of bloat, obfuscation and, frankly, greed. ; and 134 employees at The tech industry has seen nearly 24,000 layoffs in early 2024, more than doubling in one week. ygkqcjkmupmwywwtjtbqqvszouoxxktdkurwlledcgnphxyofhfxrg