61–70 of 351 posts
This type of thing should come along with a reduction of allowed H-1bs.
As someone that has worked for them a decade ago, some of their division are >90% Indian. Those are all good engineers and not dunking on them at all but it should be unacceptable to bring over competing workers on a visa while also laying off so many people.
This is why corporations need to be owned and operated by the employees.
Almost bought cisco shares today, glad I didn't. A workplace that values job security is such a motivating factor for employees that I don't think is recognized enough. At a company that conducts layoffs, it feels like you're just waiting for the next one.
If you had, your investment would be up 20% now. https://www.nasdaq.com/market-activity/stocks/csco
This is not an AI job elimination story. I think the next recession will trigger that. The AI hype train ironically needs engineers of all stripes to run.
Almost bought cisco shares today, glad I didn't. A workplace that values job security is such a motivating factor for employees that I don't think is recognized enough. At a company that conducts layoffs, it feels like you're just waiting for the next one.
If you had, your investment would be up 20% now. https://www.nasdaq.com/market-activity/stocks/csco
Right now everything seems so inflated. I don't believe this economy represents any of the underlying assets correctly anymore. I really think we are on the verge of one of the biggest bubbles in history.
Time will tell.
Cisco do not have real ai strategy . Routers are routers. Even their ai factory is yet another box just with label nvidia on it . No major investment needed. All that observability tooling around is only benefiting ai wave . They can vibe re-write everything .
But I agree though, this is an artificial stock pump because of the rush for picks and shovels.
Earlier quoted context omitted.
Tim Cook has referred to the “E-Team” in many earnings calls. I am guessing that consists of the SVPs who are above the horizontal line on https://www.apple.com/leadership/
that's plausible, since i never listened to earnings calls, and since external communications might take different form than internal, i bet.
This type of thing should come along with a reduction of allowed H-1bs.
Cisco especially is absolutely full of H1Bs. As someone that has worked for them a decade ago, some of their division are >90% Indian. Those are all good engineers and not dunking on them at all but it should be unacceptable to bring over competing workers on a visa while also laying off so many people.
Earlier quoted context omitted.
If you had, your investment would be up 20% now. https://www.nasdaq.com/market-activity/stocks/csco
There are more important things than making money. I assume that the parent poster was glad to not buy into a company that doesn't treat their employees well.
Virtue signalling about "treating employees well" is shortermist and doesn't consider the higher order effects.
Earlier quoted context omitted.
If you had, your investment would be up 20% now. https://www.nasdaq.com/market-activity/stocks/csco
To profit you also need to get out at the right time. Right now everything seems so inflated. I don't believe this economy represents any of the underlying assets correctly anymore. I really think we are on the verge of one of the biggest bubbles in history. Time will tell.