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Cisco workforce reductions

blogs.cisco.com

71–80 of 351 posts

Re: Cisco workforce reductions

#71

Earlier quoted context omitted.

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.

What percent of laid of employees do you think are H1Bs?

[deleted]

Re: Cisco workforce reductions

#72
post #46

My extremely cynical, but not yet proven wrong view: Tech, more or less, has a group of investors centered around Silicon Valley. Not the only ones, but especially now, the most active. Generally, these folk have a lot of exposure to AI, and probably mostly believe the hype around it. Which means they believe companies using AI should produce better results, which in the current market means short-term cash. So if a…

[flagged]

Re: Cisco workforce reductions

#73
post #46

My extremely cynical, but not yet proven wrong view: Tech, more or less, has a group of investors centered around Silicon Valley. Not the only ones, but especially now, the most active. Generally, these folk have a lot of exposure to AI, and probably mostly believe the hype around it. Which means they believe companies using AI should produce better results, which in the current market means short-term cash. So if a…

> GitLab is in an incredible position to moonshot the next generation of software.

I don't think they offer anything unique. Forgejo[1] offers a similar platform.

[1] https://forgejo.org/

Re: Cisco workforce reductions

#76

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.

Why would an individual buy stocks other than to make money? Certainly not for charity. And if it's just virtue signalling, there are far cheaper ways to feel morally superior.

Re: Cisco workforce reductions

#77
post #46

My extremely cynical, but not yet proven wrong view: Tech, more or less, has a group of investors centered around Silicon Valley. Not the only ones, but especially now, the most active. Generally, these folk have a lot of exposure to AI, and probably mostly believe the hype around it. Which means they believe companies using AI should produce better results, which in the current market means short-term cash. So if a…

We use GitLab. They are no way in an incredible position to moonshot anything. They are yet another git provider with a management plane around it.

Re: Cisco workforce reductions

#79
post #46

My extremely cynical, but not yet proven wrong view: Tech, more or less, has a group of investors centered around Silicon Valley. Not the only ones, but especially now, the most active. Generally, these folk have a lot of exposure to AI, and probably mostly believe the hype around it. Which means they believe companies using AI should produce better results, which in the current market means short-term cash. So if a…

[flagged]

But if you are the company delivering those productivity gains, why would you layoff and thus lose an opportunity to grow?
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