We are trendy. We have constant LRs. You can argue that we invented this, we do it every quarter, used to be every year. Companies increasingly treat small to medium sized layoffs as a signal of disciplined management... Using targeted headcount reductions to reassure investors and support the stock price. So, we've been making money even before layoffs. Now we are making "EXTRA" money. Whatever. Sick.
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@an Scott had some crocodile tears for us on the beat. He played his part.
This start from scott herren
@ad thats what Indians are good at. Its an Indian company after all
Constant layoff really creates a very bad morale day to day, and competition / finger pointing / back stabbing within and among teams. It promotes very bad politics between people that could otherwise be normally half decent. What a horrible place to work at, when you have to face these things daily. Truly good people that do not deal politics do not last here, I know quite a few.
It really saddens me that the company announced another layoff cycle after another record earnings report. Both Q2 and Q3 had record earnings. The only difference between those earnings reports were, it was a 'silent' layoff after the Q2 report and an announced layoff after the Q3 report.
What's worse is that in this terrible market, desperate job seekers will flock to any backfill reqs Cisco opens even though they know the company is an LR mill.