Cisco workforce reductions
blogs.cisco.com
Cisco workforce reductions
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Re: Cisco workforce reductions
#2> Today we announced our Q3 FY26 earnings with record revenue of $15.8 billion, up 12 percent year over year, and double-digit top and bottom-line growth. The ELT and I could not be prouder of the growth you have all delivered for Cisco.
Interesting decision considering they aren't at any sort of risk.
Re: Cisco workforce reductions
#3The casualness of mentioning record revenues in the same PR statement as laying off 4,000 people is fucked up on a new level. It used to be you were supposed to at least pretend you were forced into a layoff. But now it's like "Hey guys! It's time for our regularly scheduled layoff to juice profits! I got an extra $5M bonus for this!"
Re: Cisco workforce reductions
#4> Today we announced our Q3 FY26 earnings with record revenue of $15.8 billion, up 12 percent year over year, and double-digit top and bottom-line growth. The ELT and I could not be prouder of the growth you have all delivered for Cisco. Interesting decision considering they aren't at any sort of risk.
Wall St gonna Wall St
Re: Cisco workforce reductions
#5“We are running out of good ideas to execute on, so we are reducing our workforce to a quantity we can utilize.”
Re: Cisco workforce reductions
#6Revenue, not profit. A lot of that is likely inflation. I suspect we'll see this pattern repeat quite a bit with the oncoming oil shock
Re: Cisco workforce reductions
#7This 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.
Re: Cisco workforce reductions
#8Almost 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.
Re: Cisco workforce reductions
#9> We have important, impactful, and consequential work ahead
writing so bad claude could do better
Re: Cisco workforce reductions
#10“We are running out of good ideas to execute on, so we are reducing our workforce to a quantity we can utilize.”
but there's still so many bad ideas available to be executed on