Cisco workforce reductions

>To those leaving Cisco, thank you for your contribution, your dedication, and the mark you have made on this company. We are deeply grateful and are committed to handling this transition with the care, clarity, and respect that defines our culture.

Who the hell needs gratitude if you can't earn an income.. seeing all of these layoffs I cant help but think something along the lines of .. Those of use who greatest asset is our labor need to recognize the great risk it is at of going to 0 value in the near future, and renegotiate everything to get as much value out of that asset before it does. Like enough to retire on. And as with established theories of intelectual property rights protect creators moral rights to the profits of their work, there needs to be mandated moral rights that stop peoples labor being used as training data for AI without the consent, and without a path or compensation for the loss of income that will cause them.. Otherwise this is just one big transfer of power from most people, to people with capital, who can then wield that power in more capricious and selfish ways.

Their EPS is also up 37% GAAP / 10% Non-GAAP YoY and they beat their forecast. They aren’t hurting for money.

https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2026/m05/ci...

The press release states it clearly.

4k, <5%

lately I've been stuck by the similarities between the conversations workers are having now (we are toiling to increase someone else's capital, and need to reverse the imbalance of power) and the conversations people had in the 1920s and 30s.

With the benefit of hindsight we know that marxism didnt help, but I can see why the siren song was so attractive back then. Time to reread Eric Hobsbawm.