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A generally decent company which makes lots of money and is wealthy, but treats employees as if it were poor

Software Engineer
Current Employee
Has worked at Cisco for 20 years
December 11, 2012
Research Triangle Park, North Carolina
3.0
RecommendsNeutral OutlookDoesn't Approve of CEO
Pros

Good compensation package. Financially stable. Wide range of products and many internal opportunities. Engineering has talented people and can still generate a new product or enhance an existing product quickly. Money is not a problem and is available when needed to fix customer issues or accelerate engineering to achieve a market window.

Cons

Benefits have been trimmed continuously (for years) on a regular basis.

Bureaucracy is increasing.

Too much infrastructure has been outsourced (i.e. benefits, payroll, HR).

Visibility (top down and bottom up) into the "business" (specifically from Engineering) is decreasing.

Business Units have too much control to design/market product or acquire companies with "non core-value".

Specifically, consumer products with no profit margin (Linksys, video cameras).

Commodity (i.e. data storage, tablets) with huge established players (NetApp, EMC, Apple, and more).

Advice to Management

Cisco is still top-heavy. Employees saw last year's measure to reduce director, upper, and executive management as a joke.

Stay focused on our core expertise: switching and routing. Spare no expense to keep or acquire the talent to maintain that lead.

Marketing is not listening to Engineering when it comes to the quality and even viability of products. Cius was a fiasco.

Upper management does not seem to be listening to Engineering or is keeping key people "in the dark" while products are considered.

Wall Street hates Cisco. Get used to it.

Chicken-shit like "saving $45 million by forcing employees to take PTO" is not going to raise the stock price and is just another example of a rich company whipping the employees in the name of frugality, while not having done the needful like trimming upper management.

Too much variability in the BUs and too little executive control to not have non-viable/unprofitable products.

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