There are layoffs, always announced the day after the earnings call. Smaller than usual but still several people cut loose in the U.S. and globally
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No, its not good news. Wallstreet HATES Cisco regardless of performance. No LR=lower stock price. Its the only thing the big CSCO investors want to hear. Trim more fat to make up for lost cloud and ai market transitions. Also loss of massive market share over Webex, campus switching+wifi, dcn switching and oh the consistent debacle that is Cisco "security"
@OP how do you know?
No, 16 x VPs have to go, totally 400+ in SJ/Milpitas/SF.