Roughly three weeks after Cisco announced $1 billion in cost cuts, many employees are expressing growing angst and uncertainty about what’s coming next.
The tech giant has remained mostly quiet, declining to go into specifics of the restructuring plan, including voluntary early retirements (ER) or layoffs.
The company operates one of its largest corporate campuses in RTP with several thousand employees. It remains unclear how this workforce will be affected.
That, in turn, has spurred online forums to go into overdrive. Cisco workers are flocking to websites like TheLayoff.com to fill in the blanks. On message boards, many are predicting massive layoffs starting around October 7. […]