Posted on 08/17/2016 5:01:58 AM PDT by mykroar
If they were eliminating the position you’re interviewing for, they’d have cancelled the interview. Just because they’re dumping a wad of employees, doesn’t mean they’re not going to hire for new stuff. Cisco is still the 800lb gorilla in the network space, especially L3 switching and SAN, and they’re not likely to disappear anytime soon. Their UCS server systems are a significant competitor in the “cloud” arena.
The new norm in Obonzo’s “boomin’ economy.”
For later.
Hopey Hopey Change Change!
That’s what happened to me. A director sent a con-call invite on a Sunday evening to some 500+ attendees for an 8AM Monday call. However, the layoff affected only some 200 people on the call.
I knew exactly what it was about.
I can believe it. Going to work is like walking into a foreign country.
I work at a big bank in a SE city in a group that’s 80% Indian as well. And they all hate Trump to boot. Very depressing.
And that’s just the us-based. Of course there’s offshore as well, in equal or greater numbers.
That is certainly true to a large extent in some companies, but it’s not the only reason. Cisco created an unsustainable business model, and other companies and technologies are redefining the entire space.
Workforce reductions due to H1Bs are driven by cost and have the largest impact in companies not interested in a quality product. The age discrimination is a separate, but related issue.
Many tech companies blatantly discriminate on age. I’m not suggesting that it’s fair or right, but it’s a well-known trait that has only grown worse. I’ve had many friends out of work, and the longer they stay out, the more impossible it becomes to get back. Many have started their own businesses or switched to another career, while some became dependents of Uncle Sam after depleting limited resources.
I’m not advising anything other than planning for disruption, no matter who is president or where the economy goes. When that disruption is age, it hits us all.
Meanwhile, their recruitment of H-1B foreign tech workers increases.
I have been deploying and using Ubiquiti equipment at client sites and my own
The price is insanely budget friendly
I have heard of Silicom, sounds like I should take a closer look at them as well
Cisco, I haven’t deployed that stuff in years.
The CEO will get a big bonus. 20% of the workforce fired. The CEO should be gone as well.
None of these employees will be replaced by Indian contractors. We promise.
I would say that many of us, aged or not, would not have problems remaining employed if we stopped the import of workers and stopped the big IT companies opening operations and taking our work offshore.
Cisco has now made a formal announcement saying that the layoffs will affect 5,500 people — significantly less than the 14,000 initially leaked. Still a lot, considering that this has been an annual event with the exception of last year when they hired their new CEO.
It’s been propped up to crash after Donald Trump takes office, so it can be “Trumps Depression”.
/no, not sarcasm
How would you suggest that from a Constitutional perspective? If I own a company, shouldn’t I be able to make my own choices regarding where I operate and whom I employ?
I say this as a 50s IT worker, so I have some skin in the game, here. National interest only extends so far. The only way that the US will increase jobs is by making it profitable to do so. That would require massive deregulation and downsizing the government.
Business restrictions are what led to this impasse, so I don’t view them as beneficial. Wages are only one consideration. Regulatory and compliance costs in the states are out of control. I say this from the perspective of one who grew up in small business.
As for the H1B problem, global trading has ways been a celebration of cronyism. Free markets require a level playing field, and the H1B program was conceived to do just the opposite. It’s another area where business and government have conspired at the expense of American interests. It should be eliminated completely.
Then if the company collapses because its competitors are all offshore? That’s a challenging question.
The Indian Contractors are ON Shore, with their H1B visas firmly clutched.
Thanks, Congress! American Tech Students need not apply.
Offshore too.
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