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Cisco announces record revenue and 4,000 layoffs in the same day

⁨105⁩ ⁨likes⁩

Submitted ⁨⁨3⁩ ⁨weeks⁩ ago⁩ by ⁨Lemmynated@lemmy.zip⁩ to ⁨technology@lemmy.zip⁩

https://arstechnica.com/information-technology/2026/05/cisco-announces-record-revenue-and-4000-layoffs-in-the-same-day/

source

Comments

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  • Dr_Fetus_Jackson@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Huh …who would’ve thunk it ?

    Cisco plans to turn the layoffs into investments in “silicon, optics, security, and in our employees’ use of AI across the company,” according to Robbins.

    source
    • pelespirit@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

      This is so fucking stupid in the long run. Who do they think is going to buy their products if no one has a job? So dumb you assholes.

      source
      • Seppo@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

        Line go up. No other consideration is made.

        source
  • reddig33@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Meanwhile, they are running “Careers at Cisco!” ads on YouTube.

    source