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Cisco workforce reductions

blogs.cisco.com

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Re: Cisco workforce reductions

#81

Post by Barbing »

alephnerd wrote: post #29
0x0000000 wrote: post #7

This kind of behavior is never tolerated in the market. Your revenue is flat; they lay you off. Right away. No trial, no nothing. Your revenue is down, right to layoffs, right away. Revenue grows but less than guidance? Layoffs. Record revenue exceeding guidance? Believe it or not, layoffs.

> This kind of behavior is never tolerated in the market This is Cisco. They do layoffs every quarter and have been doing so since the early 2000s.

  This is outrageous. Where are the armed men who come in to take the protestors away? Where are they? This kind of behavior is never tolerated in Baraqua. You shout like that they put you in jail. Right away. No trial, no nothing. Journalists, we have a special jail for journalists. You are stealing: right to jail. You are playing music too loud: right to jail, right away. Driving too fast: jail. Slow: jail. You are charging too high prices for sweaters, glasses: you right to jail. You undercook fish? Believe it or not, jail. You overcook chicken, also jail. Undercook, overcook. You make an appointment with the dentist and you don't show up, believe it or not, jail, right away. We have the best patients in the world because of jail.

Re: Cisco workforce reductions

#82

Post by spike021 »

siren2026 wrote: post #61
declan_roberts wrote: post #38

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.

we were acquired and part of our org moved into cisco HQ.

the entire floor were Indian other than our org, and over time our org was filled out with incoming transfers and new hires.

i'll never forget some irony in that one of the engineering leaders brought us together for a mini townhall once and praised our "diversity" but by then the percentage of people in the room were basically the same as you described, including said leader. even our twice a week catered lunches were almost always indian.

just an interesting experience being part of cisco for a couple of years.

Re: Cisco workforce reductions

#83

Post by protocolture »

simianwords wrote: post #72
passive wrote: 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]

ALL evidence?

I have seen data going both ways.

Re: Cisco workforce reductions

#84

Post by Barbing »

siren2026 wrote: post #65
otterley wrote: post #18

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.

Anyone know a good article that lays out what the bubble pop might look like?

Re: Cisco workforce reductions

#85

Post by [deleted] »

bigstrat2003 wrote: post #63
otterley wrote: post #18

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.

[deleted]

Re: Cisco workforce reductions

#86

Post by Barbing »

aiscoming wrote: post #51
dcrazy wrote: post #44

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 horizontal line is hillarious. I can imagine the discussions with the designers "just put the fucking line there, I dont care how it looks, its important to separate the two sets of people"

If you delete the first one but leave the line above “Board of Directors“, would you mind it?

(Edit - I wouldn’t have minded either line, at first glance on mobile, curious if it’s an “all bad” situation for you)

Re: Cisco workforce reductions

#87

Post by jjmarr »

siren2026 wrote: post #65
otterley wrote: post #18

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.

Had OP immediately sold, they would've provided a price signal that layoffs are bad in addition to making money.

Re: Cisco workforce reductions

#88

Post by renticulous »

siren2026 wrote: post #65
otterley wrote: post #18

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.

Someone commented on X. US markets are never going down again just like Weimar Republic stock markets never did.

Don't do the mistake of shorting Weimar Stock markets.

Re: Cisco workforce reductions

#89

Post by rnxrx »

Cisco's fiscal year closes at the end of July, which makes this time of year the season for reorgs, LRs (as they're colloquially known) and the usual maneuvering that leads up to establishing budgets, sales quotas and the like. It sucks that this kind of thing has become so normalized now.

Re: Cisco workforce reductions

#90

Post by Kadecgos »

asdfsa32 wrote: post #74
banach wrote: post #37

This is why corporations need to be owned and operated by the employees.

Have you look at how efficient your local government is?

Yeah - the answer is that the cost to deliver a service from my local government is a lot cheaper than it is when it's coming from the private sector.

People meme on 'lol government efficiency', but actually sit down and calculate your marginal cost for the services you pay for that are funded by taxation. It's not even close - the cost to operate these services per person is crazy low.

In fact, you don't even have to look that far for government-adjacent programs. Co-ops for utilities are notoriously cheaper for their service area than a private utility, almost without exception.

So yeah - the government is not perfectly efficient. It's not going to give you exactly what you want all the time, but it's still 2-3x more efficient than the private sector when it comes to actually absorbing the costs as a citizen or user of a service. "Lol government efficiency" is not the burn you think it is.

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