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Cisco Reportedly Lays Off over 4k

forbes.com

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Re: Cisco Reportedly Lays Off over 4k

#31

Post by DFXLuna »

swframe2 wrote: post #10

A pundit pointed out that in several cases, the tech firms laying off have returned to their employee size of 1 year ago and that there are still many jobs available in the industry. Have you seen articles on how long people are taking to find their next job and if they are better off?

This is something I'm interested in as well. It feels like last year, I saw every tech company fighting tooth and nail to scrape up every last engineer. We even had trouble making modest pickups at my own megacorp because candidates were getting multiple offers during our accelerated interview process.

This seems weird though because I have no doubt that every financial analyst at each of these companies saw the incoming downturn a mile away. If it was just a few of the companies making recent questionable decisions (Twitter, meta) it would make more sense to me, but the list of companies laying people off keeps growing.

Re: Cisco Reportedly Lays Off over 4k

#32

Post by RomanPushkin »

RomanPushkin wrote: post #4

Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…

SAP (2019): "fitness program"

Re: Cisco Reportedly Lays Off over 4k

#35

Post by user_ »

flerchin wrote: post #21
RomanPushkin wrote: post #4

Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…

Twitter: "" gestures vaguely at Elon.

> "Frankly, the economic picture ahead is dire"

> "An increasingly competitive world"

Re: Cisco Reportedly Lays Off over 4k

#36

Post by Giorgi »

All of these companies seem to rely on pandemic lockdown - demand for remote job influx. As pandemic is over, surge of the demand evaporated and now they need to downsize again.

What's ironic I remember articles actually predicting that at the end of the pandemic people will not go back to offices and would rather quit than work inside the office again.

But here we are, companies firing en masse

Re: Cisco Reportedly Lays Off over 4k

#37

Post by [deleted] »

christophilus wrote: post #11
RomanPushkin wrote: post #4

Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…

FTX: "drug laced penthouse orgy ponzi scheme blowup"

[deleted]

Re: Cisco Reportedly Lays Off over 4k

#39

Post by willio58 »

Giorgi wrote: post #36

All of these companies seem to rely on pandemic lockdown - demand for remote job influx. As pandemic is over, surge of the demand evaporated and now they need to downsize again. What's ironic I remember articles actually predicting that at the end of the pandemic people will not go back to offices and would rather quit than work inside the office again. But here we are, companies firing en masse

I’m one of those that would rather quit than work in an office. Remote life is too hard to give up now. Im healthier physically and mentally, have more time to spend with friends and family, why would I give that up?
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