Cisco fire staff [7:641]
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Re: Cisco fire staff [7:641]
2 months automatic severance, plus another 4 months for signing their severance agreement? So a total of 6 months severance? Damn good deal. I am no raving Cisco fanatic, and I certainly don't mean to offend any ex-Cisco employees who may be reading this, but lots of companies are cutting back now, and I rarely hear of a severance deal as good as Cisco's. This stands in stark contrast to some of the dot-gone dotcoms, as profiled on fuc*edcompany.com, where not only were there people getting canned without any warning and without their promised severance, but also there are instances of people being screwed out of back-pay and expenses, given severance checks that bounced, etc. I should know, my former dotcom went under and still owed employees several months (!) of backpay and expenses. So in light of all this, I still consider Cisco one of the good guys. ""Victim"" wrote in message [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > What is your opinion on "cisco fire / umemploy staff " ? > FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=673&t=641 -- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
Re: Cisco fire staff [7:641]
Nortel gave the guys in my office 4 months pay & full benefits for 3 months. Not a bad way to loose a job Phil - Original Message - From: xc To: Sent: Saturday, April 14, 2001 7:59 PM Subject: Re: Cisco fire staff [7:641] > 2 months automatic severance, plus another 4 months for signing their > severance agreement? So a total of 6 months severance? Damn good deal. > > I am no raving Cisco fanatic, and I certainly don't mean to offend any > ex-Cisco employees who may be reading this, but lots of companies are > cutting back now, and I rarely hear of a severance deal as good as Cisco's. > > This stands in stark contrast to some of the dot-gone dotcoms, as profiled > on fuc*edcompany.com, where not only were there people getting canned > without any warning and without their promised severance, but also there are > instances of people being screwed out of back-pay and expenses, given > severance checks that bounced, etc. I should know, my former dotcom went > under and still owed employees several months (!) of backpay and expenses. > > So in light of all this, I still consider Cisco one of the good guys. > > > > ""Victim"" wrote in message > [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > > What is your opinion on "cisco fire / umemploy staff " ? > > FAQ, list archives, and subscription info: > http://www.groupstudy.com/list/cisco.html > > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] > FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=688&t=641 -- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
Re: Cisco fire staff [7:641]
My company gives an automatic 6 months severance and this includes all benefits(health insurance, dental, 401K, and even stock options).. The only requirement is you have worked full time for at least 1 year. One guy in my department had 7 weeks vacation and personnal time coming as well as the severance package when they let him go. He is sitting in the Bahamas, as I write this, taking a nice vacation while I am working my tail off to take up the slack from the cut backs. I am never the lucky one! Rick ""xc"" wrote in message [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > 2 months automatic severance, plus another 4 months for signing their > severance agreement? So a total of 6 months severance? Damn good deal. > > I am no raving Cisco fanatic, and I certainly don't mean to offend any > ex-Cisco employees who may be reading this, but lots of companies are > cutting back now, and I rarely hear of a severance deal as good as Cisco's. > > This stands in stark contrast to some of the dot-gone dotcoms, as profiled > on fuc*edcompany.com, where not only were there people getting canned > without any warning and without their promised severance, but also there are > instances of people being screwed out of back-pay and expenses, given > severance checks that bounced, etc. I should know, my former dotcom went > under and still owed employees several months (!) of backpay and expenses. > > So in light of all this, I still consider Cisco one of the good guys. > > > > ""Victim"" wrote in message > [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > > What is your opinion on "cisco fire / umemploy staff " ? > > FAQ, list archives, and subscription info: > http://www.groupstudy.com/list/cisco.html > > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] > FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=693&t=641 -- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
Re: Cisco fire staff [7:641]
I was the network admin for carOrder.com when it went under. 2 months severance on top of my monthly paycheck that was coming up..woohoo! It gave me plenty of time to seek out a new job anyway ;) - Original Message - From: "Rick Cossey" To: Sent: Sunday, April 15, 2001 12:53 AM Subject: Re: Cisco fire staff [7:641] > My company gives an automatic 6 months severance and this includes all > benefits(health insurance, dental, 401K, and even stock options).. The only > requirement is you have worked full time for at least 1 year. One guy in my > department had 7 weeks vacation and personnal time coming as well as the > severance package when they let him go. He is sitting in the Bahamas, as I > write this, taking a nice vacation while I am working my tail off to take up > the slack from the cut backs. I am never the lucky one! > > Rick > > > ""xc"" wrote in message > [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > > 2 months automatic severance, plus another 4 months for signing their > > severance agreement? So a total of 6 months severance? Damn good deal. > > > > I am no raving Cisco fanatic, and I certainly don't mean to offend any > > ex-Cisco employees who may be reading this, but lots of companies are > > cutting back now, and I rarely hear of a severance deal as good as > Cisco's. > > > > This stands in stark contrast to some of the dot-gone dotcoms, as > profiled > > on fuc*edcompany.com, where not only were there people getting canned > > without any warning and without their promised severance, but also there > are > > instances of people being screwed out of back-pay and expenses, given > > severance checks that bounced, etc. I should know, my former dotcom went > > under and still owed employees several months (!) of backpay and expenses. > > > > So in light of all this, I still consider Cisco one of the good guys. > > > > > > > > ""Victim"" wrote in message > > [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > > > What is your opinion on "cisco fire / umemploy staff " ? > > > FAQ, list archives, and subscription info: > > http://www.groupstudy.com/list/cisco.html > > > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] > > FAQ, list archives, and subscription info: > http://www.groupstudy.com/list/cisco.html > > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] > FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=770&t=641 -- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
Re: Cisco fire staff [7:641]
This is an addendum to a previous post. Somebody asked about for opinions about Cisco's announced layoffs of 8500 people. I responded that every tech company is going through hell right now, but Cisco had the forethought and compassion to offer 6 months severance (2 months automatic, an additional 4 if you sign their severance agreement), which stands in stark contrast to certain other companies who not only gave no severance, but declared bankruptcy while still owing backpay and expenses to employees (the Web consulting company Marchfirst immediately comes to mind - the bankruptcy judge of that case has even declared that employees who are owed backpay/expenses have to get in line behind the major creditors, so you know those employeers are going to get nothing). Then there are stories of people getting severance checks that bounced, companies laying off people in violation of the Federal WARN labor laws, companies giving job offers and then trying to retroactively withdraw the offer after the offer was accepted (presumably the candidate had turned down other competing offers to take the offer which is now being withdrawn), etc. etc. If you're going to have to lay off people, offering 6 months severance seems to be a more-than-compassionate way to do it. Several other posters talked about similar deals offered by Nortel and other companies when they laid people off. So it's pretty clear that some companies have positioned themselves as 'the good guys' (as opposed to other companies who have clearly shown themselves to be the 'bad guys'), so that they will be the employer-of-choice when the economy picks up again. These companies have tried to preserve goodwill among the networking community so that they will have little problem in hiring again. While I am not trying to downplay the pain that those laid-off Cisco or Nortel employees must be feeling, on the other hand, they could have been working for one of those www.fuc*edcompany.com employers like Marchfirst. Well, to build up even more goodwil, recently, it was announced that John Chambers is cutting his salary to $1. The chairman (forgot his name) is also cutting his salary to $1. The management stated that since so much cost-cutting was going on at Cisco, management should share in the pain. I don't begrudge company execs getting rich when times are good, but it is so refreshing to see execs sharing in the bad times. A world of difference from the usual M.O., where execs slash thousands of jobs and still reap their millions. As stated in fuc*edcompany: "These guys seem to have worked out that you don't have to be an as*hole to make money. Bravo. About fuc*ing time someone got a clue" Now some of you may be thinking that the $1 salary is just a Cisco publicity stunt. Sure, maybe so. But then I don't see the exec's of those other companies who have laid off thousands (Intel, Yahoo, etc.) doing anything comparable. ""Victim"" wrote in message [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > What is your opinion on "cisco fire / umemploy staff " ? > FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=2416&t=641 -- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
