Cisco ONLY laying off 14,000 employees....

[S2007S]

Least it's not half their work force....have to keep those earning juiced so layoffs is one way to keep it going.....go CISCO goooooo

http://www.cnbc.com/2016/08/17/cisco-systems-to-lay-off-about-14000-employees-report.html

 

[Scataphagos]

Cost cutting is always good for the bottom line and keeping the stock price up, you know.

 

[felixbocharov]

Lol, "ONLY" looks like someone is in trouble.

 

[Cisco34]

"Need different skill sets" translates into needing H1-Bs and laying off American engineers. That hypocrisy is why I got out of engineering. It seems many fed up engineers eventually become successful traders.

Since CSCO is a 20 bagger for me and I'm an agnostic trader now, I applaud this move.

 

[ironchef]

Lol, "ONLY" looks like someone is in trouble.

Yes, you cannot cost cut and layoff back into a high growth situation which is what they needed.

They really need someone who can take them in a different direction instead of the same old same old and avoid the fate of companies like RIM, Sperry, Control Data.....

 

[DallasCowboysFan]

"Need different skill sets" translates into needing H1-Bs and laying off American engineers. That hypocrisy is why I got out of engineering. It seems many fed up engineers eventually become successful traders.

Since CSCO is a 20 bagger for me and I'm an agnostic trader now, I applaud this move.

H1-B's should be illegal. If the U.S. does not have enough engineers, raise their salary and the demand will meet supply. I get tired of hearing that companies hire H1-B's and the loyal employee that has been with the company for 10 years has to train their replacement. Then he gets laid off and the new guy stays employed.

Then, 2 years later the H1-B's return to their home country, newly trained and compete against us in the states. Screw that.

What is a 20 bagger.....you have 20 contracts / puts on them ?

 

[Cisco34]

H1-B's should be illegal. If the U.S. does not have enough engineers, raise their salary and the demand will meet supply. I get tired of hearing that companies hire H1-B's and the loyal employee that has been with the company for 10 years has to train their replacement. Then he gets laid off and the new guy stays employed.

Then, 2 years later the H1-B's return to their home country, newly trained and compete against us in the states. Screw that.

What is a 20 bagger.....you have 20 contracts / puts on them ?

X bagger equals the amount of times the price has increased over the purchase price. It was one of the 1st stocks I ever bought, along with Bay Networks, Cabletron, and Sybase. The others didn't fare as well but Cisco bootstrapped me and is now part of my "name". Back then, I had just purchased Cisco routers for NASA and I was talking to a friend who said he had done the same for MCI, so we both ended up doing very well on CSCO stock.

I actually haven't traded anything related to CSCO in 20+ years. These days, I still have so many positive deltas on CSCO, so maybe I could write covered calls or strangles, but the IV is so bad for that so why risk assignment and cap gains.