Cisco announces layoffs of 5% after mediocre earnings and poor guidance.
https://www.cnbc.com/2024/02/14/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html
4 replies (most recent on top)
Come on guys this we needed this in some respects.
Have you any idea how much dead wood is around just drifting along all day in every company?
It's the Corporate Year of the Monkey, as in monkey see monkey do.
No joke.
One company starts laying people off to improve the bottom line and appeal to shareholders, and then they all start doing it.
"Cisco announces layoffs of 5% after mediocre earnings and poor guidance."
they will of course cut the engineers to improve the stock price
while the skill-less c-suite folks responsible for its direction remain untouched
Thank you Joe Biden!!