This country needs to rewrite its employment laws. Companies shouldn’t be able to layoff just to get a temporary bump on the books. Stop destroying peoples‘ lives just so number go up you sick fucks
Apart-Steak-7183 on
When will it end…
HoosierRed on
Hey just remember that Tech is there to exploit you, not to carry us all into a better age.
kiroks on
Someone this year told me that trickle down economics work. This person was black. f*** my life bro
I’m black as well and I tried to get him to see this stuff.
The turned and said, look at all of the construction….
That’s how these people vote Trump…
No_Waltz3545 on
But at least the stakeholders are happy.
perry147 on
Bonuses for the executives!!
roseinmouth on
We’re all so screwed
IneedHennessey on
Crony capitalism needs to fuck off already
culman13 on
Cisco: Guys I increased my liquidity by selling my car, my house and the clothes off my back! Am I any richer???
husky_whisperer on
I wonder what percentage sleep improvement the c-suite gets by framing the disruption and/or ruin of 4,000 families as „less than five percent“?
erp2 on
Congratulations to all of you, for making this happen! Good luck everyone make better decisions in the future. Hope little Jimmy and little Rebecca can go to college
somenoise4u on
Fiduciary responsibility at its finest /s
Majestically-Silver on
As someone who was affected by one of their layoffs last year and is still looking for work, fuck them.
Dreams-Visions on
Eternal „fuck you“ to Jack Welsh.
SailorRipley on
Par for the course with this company. Number of RIFs was usually determined by how good or bad the earnings call was. Bad then big RIF, good then small RIF but always seemed to be a RIF every quarter. It was fun.
Glass-Amount-9170 on
They paid an effective tax rate of 15.8% too. Must be nice!
just_chilling_too on
Perhaps this is what unions are for
Labor day is to remind you what people struggled for , we forgot and now are sliding back
isomojo on
Remember when they used to do layoffs because the company was losing revenue? Good times. I try and stay hopeful that these layoffs are because of over hiring during Covid and not AI efficiency gain, but no high hopes.
Oilpaintcha on
All these laid off tech workers need to get together somehow and form a new company owned by workers like Mondragon in Spain
Sovi_b on
I’m sure the CEO spent hours agonizing over the impact of his decision, deeply worried the layoffs wouldn’t make the shareholders happy enough to pay him a bigger salary.
CivilFold2933 on
I had to remove access to many friends yesterday. Record profits but let’s cut people. Inside Cisco people are ready to revolt.
Head_Influence8664 on
Record revenue. Record layoffs. Record shareholder value. Record employee morale damage. But sure, the quarterly earnings call will describe this as „strategic workforce optimization.“
copperblood on
And tomorrow Cisco crashes because it fired too many critical engineers and pushed that work to AI.
mezolithico on
Not defending them; record revenue doesn’t mean record profits or profits at all. Cutting capex will increase profits though
Glittering-Quote-635 on
Worked at Cisco for 11 years. This is common. They have done it every year since around 2011 or so. Cisco doesnt fire people individually unless its something egregious. You get put on a list.. At the end of the year, if your name is on the list, you are gone. They also re-balance different Business Units and teams in this way, and it allows them to keep the workforce.. younger.
Not saying it is right, its a primary reason I left. I couldnt deal with it every year. The end of the day though the employee count has gone up significantly since 2011 when they started doing this shit.. It’s up about 15k people since then.
keithstonee on
How is this not illegal lmfao
I only laugh cause of how fucked up this is. I give it 5 more years till it starts.
tomnomk on
I’ve heard enough. Give some more tax cuts to these corporations now!
KlostToMe on
*chuckles, I’m in danger*
– Cisco warehouses, probably
UsrNameIsBad on
Stop pretending anything other than material action will work.
Forget mass firings, lets do a mass quitting. Let’s see any of these companies survive with suddenly 50% fewer employees.
Stop buying their products. It will sting, but dollars have a voice to these people that tears will never match. Buy from anywhere that isn’t stockholder accountable.
Keep protesting. Outside their offices. Outside their houses. Outside their country clubs. Wherever they go, be there, loud and unrelenting.
Absolutely no violence is needed. We can *make* them listen if we can just get aligned and stay the course.
occaisionallyimqwert on
Corporate employees forgot all about the Industrial Revolution robber barons and it shows
Everyone should brush up on their history, the Ludlow massacre is a good starting point
Traditional-Look8839 on
The beatings will continue until morale improves
Adventurous-Depth984 on
Between Cisco, oracle, Meta, Microsoft, and IBM, we’re coming up on 100k of high income job losses so far this year.
I pity the CS majors graduating this month. They stand zero chance.
DepletedPromethium on
Corporate greed must be dealt with, these fuckers must be heavily taxed if they operate in certain countries.
CEO and shareholders getting big bonuses while the people who make the company what is it and run it get kneecapped.
holymolym on
I’m so tired of executives couching layoffs as “hard decisions” and just not copping to their depraved ghoulishness.
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34 Kommentare
This country needs to rewrite its employment laws. Companies shouldn’t be able to layoff just to get a temporary bump on the books. Stop destroying peoples‘ lives just so number go up you sick fucks
When will it end…
Hey just remember that Tech is there to exploit you, not to carry us all into a better age.
Someone this year told me that trickle down economics work. This person was black. f*** my life bro
I’m black as well and I tried to get him to see this stuff.
The turned and said, look at all of the construction….
That’s how these people vote Trump…
But at least the stakeholders are happy.
Bonuses for the executives!!
We’re all so screwed
Crony capitalism needs to fuck off already
Cisco: Guys I increased my liquidity by selling my car, my house and the clothes off my back! Am I any richer???
I wonder what percentage sleep improvement the c-suite gets by framing the disruption and/or ruin of 4,000 families as „less than five percent“?
Congratulations to all of you, for making this happen! Good luck everyone make better decisions in the future. Hope little Jimmy and little Rebecca can go to college
Fiduciary responsibility at its finest /s
As someone who was affected by one of their layoffs last year and is still looking for work, fuck them.
Eternal „fuck you“ to Jack Welsh.
Par for the course with this company. Number of RIFs was usually determined by how good or bad the earnings call was. Bad then big RIF, good then small RIF but always seemed to be a RIF every quarter. It was fun.
They paid an effective tax rate of 15.8% too. Must be nice!
Perhaps this is what unions are for
Labor day is to remind you what people struggled for , we forgot and now are sliding back
Remember when they used to do layoffs because the company was losing revenue? Good times. I try and stay hopeful that these layoffs are because of over hiring during Covid and not AI efficiency gain, but no high hopes.
All these laid off tech workers need to get together somehow and form a new company owned by workers like Mondragon in Spain
I’m sure the CEO spent hours agonizing over the impact of his decision, deeply worried the layoffs wouldn’t make the shareholders happy enough to pay him a bigger salary.
I had to remove access to many friends yesterday. Record profits but let’s cut people. Inside Cisco people are ready to revolt.
Record revenue. Record layoffs. Record shareholder value. Record employee morale damage. But sure, the quarterly earnings call will describe this as „strategic workforce optimization.“
And tomorrow Cisco crashes because it fired too many critical engineers and pushed that work to AI.
Not defending them; record revenue doesn’t mean record profits or profits at all. Cutting capex will increase profits though
Worked at Cisco for 11 years. This is common. They have done it every year since around 2011 or so. Cisco doesnt fire people individually unless its something egregious. You get put on a list.. At the end of the year, if your name is on the list, you are gone. They also re-balance different Business Units and teams in this way, and it allows them to keep the workforce.. younger.
Not saying it is right, its a primary reason I left. I couldnt deal with it every year. The end of the day though the employee count has gone up significantly since 2011 when they started doing this shit.. It’s up about 15k people since then.
How is this not illegal lmfao
I only laugh cause of how fucked up this is. I give it 5 more years till it starts.
I’ve heard enough. Give some more tax cuts to these corporations now!
*chuckles, I’m in danger*
– Cisco warehouses, probably
Stop pretending anything other than material action will work.
Forget mass firings, lets do a mass quitting. Let’s see any of these companies survive with suddenly 50% fewer employees.
Stop buying their products. It will sting, but dollars have a voice to these people that tears will never match. Buy from anywhere that isn’t stockholder accountable.
Keep protesting. Outside their offices. Outside their houses. Outside their country clubs. Wherever they go, be there, loud and unrelenting.
Absolutely no violence is needed. We can *make* them listen if we can just get aligned and stay the course.
Corporate employees forgot all about the Industrial Revolution robber barons and it shows
Everyone should brush up on their history, the Ludlow massacre is a good starting point
The beatings will continue until morale improves
Between Cisco, oracle, Meta, Microsoft, and IBM, we’re coming up on 100k of high income job losses so far this year.
I pity the CS majors graduating this month. They stand zero chance.
Corporate greed must be dealt with, these fuckers must be heavily taxed if they operate in certain countries.
CEO and shareholders getting big bonuses while the people who make the company what is it and run it get kneecapped.
I’m so tired of executives couching layoffs as “hard decisions” and just not copping to their depraved ghoulishness.