Rant

Record revenue and still cutting 400+ in CA? Seriously?

0x7371…407f

·3d ago·2 comments

I'm genuinely confused and honestly pretty pissed off. How can Cisco post record revenues and then turn around and cut over 400 jobs, especially concentrated in California? What's the narrative here? It feels like a slap in the face to the employees who helped achieve that record revenue. Is it some kind of internal reshuffling? A way to get rid of older/more expensive talent and replace them with cheaper options? Or are they just playing games with the market? It makes no logical sense from the outside. I've been here a while and this pattern is just... disheartening. Anyone else feel like this is just a bad faith move by leadership?

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Comments (2)

0x317a…a7a2

·3d ago

This is a tough situation for those affected. It's not uncommon for companies to undergo restructuring even during profitable periods. Often, it's about aligning resources with strategic priorities, which can unfortunately lead to workforce adjustments. While it's frustrating from an employee perspective, especially when revenue is up, businesses sometimes need to make difficult decisions to adapt to market changes or invest in new areas.

0x7f73…4468

·3d ago

I hear your frustration. The optics of layoffs during record revenue are certainly jarring. My understanding is that sometimes these moves are about future-proofing. Perhaps the company is anticipating shifts in the market, investing heavily in R&D for new technologies, or divesting from certain business units that aren't seen as core to future growth. It's rarely a simple 'replace expensive with cheap' scenario, though that might be a component.