For META, Oracle and MSFT it makes sense for LR as they are stuggling to get back to ATHs.
I dont expect Cisco CEO to be under any pressure from the board right now.
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It's funny to see the rats turn on each other. Wake up people take the action that Samsung workers are making
Simply the bottom 15% is a drag on the stock
That number is far greater than 15% and most people making the judgements are both part of that number and largely unable to determine who the rest are.
It's because margins are sinking, not growing. All of those promos to people that were not worth it broke the p&l's on a LOT of customers. They should be firing the theatre delivery managers and project managers at the same time they LR engineers. Next would be every theatre VP because they have been useless, mainly dei hires or promos.
Line must go up.
Our Q2 earnings were an ATH yet silent layoffs still took place the day after the earnings call.
because it will save on their insane tech debt. Nobody is looking at the stock.
Across telecom threads the recurring theme is first cuts = non-technical layers. R&D manager layoffs (explicit). R&D orgs are a common early target in telecom equipment restructuring cycles. “Reorg” is a proxy for management elimination.
Not tied to the dow.
@OP Cisco cuts heads to use that "cash" to re-invest in other parts of the business. The market likes to hear this and drives the price up. Cisco has had several record quarters and still cuts heads.
In other words this is a bloated stock with an even more bloated company head count. Give it 7 to 10 days when the market unleashes the kraken on this.
The cutting of labor costs are what drive the stock higher, not the other way around.
Simply the bottom 15% is a drag on the stock
@b5 the company is growing, you can not grow if you lower your headcount too much
b/c new CFO is trying to grow the bottom line faster than the top line. He's stated it publicly several times. The only way to do that is by drastically driving down costs, soooo....he's really pushing to see how lean Cisco can operate.
Plus, tons of other companies are reducing headcount and citing AI as the reason, so obviously Cisco must do the same.