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?
Cisco workforce reductions
71–80 of 351 posts
Re: Cisco workforce reductions
#72My 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…
Re: Cisco workforce reductions
#73My 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…
I don't think they offer anything unique. Forgejo[1] offers a similar platform.
Re: Cisco workforce reductions
#74This is why corporations need to be owned and operated by the employees.
Re: Cisco workforce reductions
#75> We have important, impactful, and consequential work ahead writing so bad claude could do better
Re: Cisco workforce reductions
#76Earlier 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.
Re: Cisco workforce reductions
#77My 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…
Re: Cisco workforce reductions
#78Re: Cisco workforce reductions
#79My 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…
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