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    Cisco announces record revenue and 4,000 layoffs in the same day
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    Cisco announces record revenue and 4,000 layoffs in the same day

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    28 Comments

    1. darkrose3333 on

      This country needs to rewrite its employment laws. Companies shouldn’t be able to layoff just to get a temporary bump on the books. Stop destroying peoples’ lives just so number go up you sick fucks

    3. HoosierRed on

      Hey just remember that Tech is there to exploit you, not to carry us all into a better age.

    4. kiroks on

      Someone this year told me that trickle down economics work. This person was black. f*** my life bro

      I’m black as well and I tried to get him to see this stuff.

      The turned and said, look at all of the construction….
      That’s how these people vote Trump…

    6. JayoTree on

      These companies were never our friends. I’m not sure why people are shaking their heads and wagging their fingers at them about AI and layoffs.

    10. Quixlequaxle on

      They do this every year, nothing new. It’s their way of managing out the bottom 5%. 

    11. culman13 on

      Cisco: Guys I increased my liquidity by selling my car, my house and the clothes off my back! Am I any richer???

    12. husky_whisperer on

      I wonder what percentage sleep improvement the c-suite gets by framing the disruption and/or ruin of 4,000 families as “less than five percent”?

    13. PeterGallaghersBrows on

      And I’m sure it did wonders to their stock price, which was the goal

    14. erp2 on

      Congratulations to all of you, for making this happen! Good luck everyone make better decisions in the future. Hope little Jimmy and little Rebecca can go to college

    17. Certain-Anxiety-6786 on

      It’s clear we have to tax them more since they don’t know how to use their revenue to be a good player in society

    18. Majestically-Silver on

      As someone who was affected by one of their layoffs last year and is still looking for work, fuck them.

    20. MoxMulder on

      only a 12% YOY increase. gotta get rid of the little people if you want to hit 20%. 

    21. grumpyyoshi on

      I’ll always remember when they announced redundancies at my old job. We had an internal finance team meeting where we were told that the investment had landed in the company bank accounts, and two hours later I was informed that my role was also being made redundant.

    23. just_chilling_too on

      Perhaps this is what unions are for

      Labor day is to remind you what people struggled for , we forgot and now are sliding back

    24. isomojo on

      Remember when they used to do layoffs because the company was losing revenue? Good times. I try and stay hopeful that these layoffs are because of over hiring during Covid and not AI efficiency gain, but no high hopes.

    25. Sovi_b on

      I’m sure the CEO spent hours agonizing over the impact of his decision, deeply worried the layoffs wouldn’t make the shareholders happy enough to pay him a bigger salary.

    26. CivilFold2933 on

      I had to remove access to many friends yesterday. Record profits but let’s cut people. Inside Cisco people are ready to revolt.

    27. Head_Influence8664 on

      Record revenue. Record layoffs. Record shareholder value. Record employee morale damage. But sure, the quarterly earnings call will describe this as “strategic workforce optimization.”

    28. copperblood on

      And tomorrow Cisco’s servers crash because it fired too many critical engineers and pushed that work to AI.