Fucking suits.
Shit like this is why I had to learn the trades as backup while I was still in the game, in this case training to be a computer technician.
this post was submitted on 16 May 2026
791 points (99.5% liked)
Technology
84733 readers
3455 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
Well if you don't have to pay people then yah, revenue will go up for now.
Collect your bonus, get your stock, bail and move to the next job. Sell the stock before the damage you caused rears its head.
Finance should be banned
Part of me is glad I'm getting the hell out of this system in the near future. My heart goes out to younger people being royally screwed by it and I don't see any way out of it within that system.
Seems fine, employees were well compensated and supported. Its a big company 4000 isnt a huge amount. Interesting to see a bigger pivot to silicon and optics.
How does boot taste?
Leathery? With a hint of shoe wax.
What is the logical progression to this kind of a thing. Is there going to be a turning point or is bottom a long long way to go?
I’m just brainstorming here, but do layoffs pave the way for hiring new grads at entry level wages, with more cutting edge knowledge?
Sure, that overlooks the loss of tacit knowledge that keeps the company running. I haven’t actually figured out yet how large companies can keep packaging out their senior employees that glue their disorganized systems together with undocumented knowledge.
Neither have the large companies. The only difference between you and them is that you have acknowledged this loss of knowledge.
This is just a game to them, they have nothing to lose no matter what happens.
dont work hard for companys, better they do more likely you will get laid off with everyone else. Might happen anyway, but if they dont do well they might think they actually need people to do work.
It hurt to read that post. Grammar much ?
Have to remind myself some people here use English as a secondary or tertiary language.
Who are you kidding?
Record profits > "We need to lay off workers to keep these numbers going up."
Not record profits > "We need to lay off workers to make these numbers go up."
CEO: I need the highest possible performance otherwise the board will fire me.
Board: We need the highest return otherwise we’re not willing to support the CEO.
Fund managers: We need to only invest in the most profitable ventures, otherwise people will move their money out of the fund I’m managing.
Pension companies: We need to only put our money in the most high performing funds.
You: I need the best return on my pension so I can retire as soon as possible.
If you’ve ever moved saved money to an account offering higher interest or performance, you’re part of this. I’m not saying that to blame, but people often don’t connect their own behaviour with the behaviour of the market.
I agree. The stock market was a mistake
Agreed. I participate as a thoughtless investor trying to maximize the growth of my savings but I hate that I have to even bother. Extra work, some guilt or anxiety around whether you made the right choices, and more complicated taxes. I think it’s horseshit that I’m effectively obliged to play in this casino the ruling class set up, just so my money retains its value against inflation.
I’m not against my money being used to grow businesses. But then just let the bank deal with it and pay me a fair interest rate for lending it to businesses. I still haven’t been given a good answer as to why the stock price of a company should have any effect on its day to day operations or revenue generation.
That doesnt even make sense
congratulations on finally getting on the same page as the article and the rest of us
So you think Cisco is shrinking its workforce?
It's literally in the article and the headline...
Long term they are growing. In a year or two they be at 90k and then 100k in a decade or two. The employee count cant just sit static.
This will continue to happen until sociopath executives see consequences.
Or, you know, workplaces organize and form strong labor unions?
American Capitalism 101. Sacrifice future growth for immediate profits.
my god we have so many layoffs this year.
we have so many layoffs this year.
And the year isn't even half over yet.
Just wait until the full impact of Trump's bullshit works its way through the economy.
The carnage will be felt for a decade or more.
You better thank the Job Creators for the right to work, Serfs! Now go gratefully into the gig economy, singing the praises of Tr*mp.
You guys, all those employees contributing to their huge profits were actually a liability and now they'll be so much more efficient.
/s because people take sarcasm literally
A wooden baseball bat starts at like $75 for quality wood and never runs out of ammo, in case you're worried that there are more rich sociopaths than there are bullets in your backpack.
Traditionaly these situations require the use of tar and feathers.
The usual self-cannibalism game.
view more: next ›