Thread regarding Cisco Systems Inc. layoffs

Unfortunately it's embedded in the culture now. Like a d–g the ELT and CFO can't get enough of to perform 2 functions: 1) to make an immediate impact on the bottom line by cutting OPEX and paying off folks in lump sums; and 2) to cull the herd of undesirables that don't meet the standards of "diversity and inclusion" which includes a desire to appear more "youthful" to attract the millennial workforce (read: age bias). Cisco stock is higher than it's been in a decade so you should ignore the crocodile tears from leadership because this is unrelated to performance and you should be prepared to live under the specter of being next.