The Cisco Story: No Secure Employment and Since Help Isn't on the Way
It used to be that if your employer was holding up financially, you didn't worry about your job security. Now, that doesn't matter. The emerging dynamic is that, like Cisco, LinkedIn, Paul, Weiss and more, the ax swings even in the best of financial times. TechCrunch reports: "Technology giant Cisco is cutting fewer than 4,000 jobs, or around 5% of its workforce, despite reporting better-than-expected profit and revenue in its fiscal third quarter." In addition, LinkedIn cut even with 12% increase in revenue. And Paul, Weiss has been riding high in Profits Per Equity Partner and still terminated litigation associates. What else is becoming common is that help may not be on the way. Sure there are policy proposals to cope with the impact of cost-efficiency, AI and offshoring. But very little real experimentation. Sure, you're told to network. But with fewer and fewer opportunities all that may get you is a decent-paying work situation, for a while. Then you ...