Cisco layoffs after record revenue report

Comments

• Assassassin@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  “I don’t want to get rid of a bunch of people right now. I don’t want to get rid of engineers,” Robbins said. “I just want our engineers we have today to innovate faster and be more productive and that gives us a competitive advantage.”

  Go fuck yourself. 8% growth and billions of dollars in profit isn’t enough for these inhuman CEOs. They deserve the Thompson treatment.

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  • MonkderVierte@lemmy.zip ⁨3⁩ ⁨hours⁩ ago

    I honestly thought that your quote was some sort of satyre. Yeah duh, people having more output gives a competitive advantgae

    Now how to make them innovate faster and be more productive. 4-day week might be a start.

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  • Blackfeathr@lemmy.world ⁨16⁩ ⁨hours⁩ ago

    Wow, his statement sure sounds like a threat to current employees.

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    • Assassassin@lemmy.world ⁨16⁩ ⁨hours⁩ ago

      Yeah, it’s both a thinly veiled threat and an admission that even single digit growth is unacceptable. Late stage capitalism is absolutely moronic.

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  • resipsaloquitur@lemmy.world ⁨12⁩ ⁨hours⁩ ago

    Image

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  • HeyJoe@lemmy.world ⁨13⁩ ⁨hours⁩ ago

    Good luck with innovation when your engineers’ morale is in the shitter. I honestly don’t even believe they want to innovate. They probably want to coast off name recognition and what they have for a while and see how long it takes before they start losing ground. The problem with this is it almost always comes back to kick them in the ass. Here is hoping for just that. Besides screw Cisco, I’ve only worked for companies that hate them and use everything else that gets the job done just as good for a fraction of the cost and way easier to set up.

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• AreaKode@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  Profits to the shareholders, and pink slips to the people who made the money.

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• FailBetter@crust.piefed.social ⁨14⁩ ⁨hours⁩ ago

  This is a trend that is showing less than zero signs of decelerating.

  I desperately need insight/advice on how to reconcile these tragedies with any hope of a worthwhile career. How am I to believe in hopes of things like job security when articles like this are beyond normal?

  I sincerely wish to know how we expect to advise our children to pursue seriously needed careers or ambitions of any value when the new rule of our era is to reward career-seekers with endless layoffs to maintain a dwindling, starving work force so as to keep running the profit maximizing machine of the ruling few.

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