#company

During Chambers' time, there was a very clear strategy and vision: to be number one or two in every product line that Cisco sells, combined with a vision to change the way we live, learn, and play. Today, there is no vision or strategy at Cisco. What is important is to maintain profit margins only. Over the past decade, Cisco has lost significant market share in every product line it sells, and in some of them it has long since ceased to be number one or two.

When you are recommended by hiring managers to apply and go through interviews and then just receive nothing, is normal now? Even following up with recruiters and hiring manager and no reply is standard here?

Kluge Interactive, developer of Synth Riders, confirmed major layoffs. These staff reductions occurred in December and January. CEO Arturo Perez stated the team was cut in half. The studio now employs 50 people, down from 100 last year. Synth Riders revenue is insufficient to support the larger team.

https://www.uploadvr.com/synth-riders-developer-confirms-major-layoffs-in-december-and-january/

An investment strategist anticipates more layoffs at Novo Nordisk. Lars Hytting of Arthascope made this prediction. He expects approximately 4,500 employees could be affected. This follows a large round of job cuts last fall. Companies often reduce staff when revenue or earnings decline.

https://medwatch.com/News/Pharma___Biotech/article19177967.ece

Sony Pictures Entertainment is undergoing a major operational restructuring. The company will eliminate hundreds of roles across its film, TV, and corporate divisions. These changes are described as strategic for growth, not primarily cost-driven. New focus areas include franchise strategy, anime, and video game adaptations. CEO Ravi Ahuja communicated these organizational shifts in a staff memo.

https://variety.com/2026/tv/news/sony-entertainment-layoffs-tv-film-1236710554/

20+ year employee here from Support. I'll simply state this - had about 5 solid years out of the company and then you could see the downhill slide. Phased out bonuses and pushed salaried employees to be hourly long before that. 3% raise every 3 years (so effectively 1% a year) that puttered out about 8 years ago when they went to stacked ranking. That was the beginning of the end as only the top 5% - 10% of teams were rewarded and that was with RSUs (presumably to instill loyalty through vesting). Stacked ranking actually would take 16 member teams and only two would get Exceeds or Outstanding. 3 tops. That left 13 team members just bumbling hearing the words "o focal this year".

The deal su-ked for the bulk of employees and even the ones that went above and beyond didn't do well as RSUs became the only reward and raises - kaput. No cost of living increase at all in the highest inflation we've seen in 50 years. It was a raw deal but at that point you just pivot and make it comfortable. I took every advantage over Oracle that they exercised over me. I still did fine on reviews and was still top 20% contributor but that was done with the bare minimum of effort. Oracle wasn't "family" and I never let myself believe it was anything more than transactional. I used the benefits I had liberally and took what was available simply because if you wanted a "reward" it was best to simply decide what that was and execute it oneself. Clearly that didn't mean anything financial but overall it worked out. I wasn't butt hurt when I got the email the other day simply because I had truly checked out about 2012. I just looked at it like a nice 13 year annuity where I gave them minimal effort and they rewarded me with nothing for that effort other than continued employment. I did the math once and based on the time I worked there I actually made less in present day dollars than I did when I started. I didn't never get a true raise but I made less walking out the door than I did walking in. Crazy. Who structures a company like that? I know, many do but not the great ones. Microsoft tried it in the late Balmer years and it failed an an epic manner and they corrected course.

Can you build a successful company and culture like that? Probably not. I think these layoffs ki-l morale of anybody still within Oracle and any new recruits or offers will be very, very cautious about making a move. I truly believe to create something great you have to treat your people great. They did up until about 2003-2004. Gradually it became worse and worse and worse until they have what they have now.

Again, no hard feelings here. I think in my career there I dodged something like 15 layoffs but this truly was the one you didn't want to miss. The people left (on my team at least) to turn the lights off will be miserable as they are now massively understaffed. AI and maybe H1Bs or offshoring may provide some backfill but who knows and who cares. I wish the whole experience was better from start to finish and I could have had a career there I was proud of and ended with something akin to a gold watch, but that was never in the cards at Oracle. I simply bet on the wrong horse but I can honestly say I made the best of it, liked the gig and just never gave more value to Oracle than they gave to me. Again, transactional and you can't miss something you never cared all that much about.

This company is a joke. Full off shoring id--ts and fools. I hope this company goes bankrupt. The VP’s are deserve the worst things in life

Sony Pictures Entertainment has begun layoffs across its motion picture, television, and corporate offices. This move is part of a strategic refocus on growth-oriented strategies. The company aims to strengthen differentiated businesses and ROI drivers. Growth areas include Crunchyroll, other anime, and PlayStation adaptations. Chairman and CEO Ravi Ahuja sent a memo to staff regarding these changes.

https://deadline.com/2026/04/sony-pictures-layoffs-refocus-on-growth-1236782963/

Another round of layoff today. Goodbye GoDaddy, your lack of good management did you dirty. RIP

Anyone heard that?

who has body of Frankenstein
head of a bimbo
soul of Dracula
compassion of Hannibal Lecter

and once had and still thinks it have arrogance of Smalltown Prom Queen

A: NIKE

Looks like T-Mobile will buy kinetic, and more layoffs coming. Uniti executives definitely securing their seats in he-l

Are they trying to get back to pre pandemic numbers in personnel?

What's up with the recent need to sign this?

Qualcomm employs over 52k with little or nothing to show for all that. Why do you guys need so many people to collect license royalties? Companies like Broadcom generate massive revenue/market-cap per employee. You guys are in the same space right?

So what is the problem with Qualcomm being in forever in the toilet?

New name was accidentally dropped during high level meeting…
Honero!!
Wonder what group thought that up.

Nexstar's acquisition of Tegna could result in layoffs. WTHR is a television station owned by Tegna. Potential job cuts are expected at WTHR. This development follows the recent company deal. The acquisition impacts operations in Indianapolis.

Indianapolis

https://www.indystar.com/videos/opinion/columnists/jacob-stewart/2026/04/06/wthr-layoffs-possible-after-nexstar-tegna-deal-indianapolis-deputy-opinion-editor-jacob-stewart/89489868007/

1.) Hire exec. team of highly compensated "friends" to virtue signal
2.) Create us vs 'them' environment
3.) Have numerous employee indoctrination meetings (receive medals)
4.) Spin-off non core businesses
5.) Quarterly lay-offs of 'them'
6.) Complain that Bryan isn't Chairmen of the Board

Rinse and repeat.

ESPN will implement another round of layoffs. These job reductions are unrelated to the recent NFL Network merger. Cord-cutting and a potential Disney spin-off are contributing factors. A $100 million YouTube TV dispute also impacted finances. Approximately 30 off-camera positions are expected to be affected.

Bristol, Connecticut

https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/layoffs-are-coming-for-espn-again

This bubble will pop soon. We had a really good run. If you want one last pop before it's gone, short the stock after it makes new ATH this spring. When the stock drops, sanjay will bring out the axe and start swinging. Be like the squirrel, protect your nuts.

Anyone expecting new layoffs today after a disastrous Q1?

https://www.monkhouselaw.com/oracle-layoffs/

Ooooh, who gon’ get triggered???

This feels a little too late given the current state of the company and industry.

https://capitalandmain.com/oil-companies-accused-of-massive-accounting-fraud-in-new-mexico.
"Oil companies ExxonMobil, Empire Petroleum and their subsidiaries engaged in accounting fraud that could cost the state nearly $200 million, a lawsuit filed in New Mexico District Court alleges. If successful, plaintiffs say the case could change how old oil and gas assets are sold, leading to fewer orphan wells in the future"

First CM and now this new CFO. Oracle is in the death spiral. Happened the moment LE let the AWS castaways into RS. Honestly, if you're still at Oracle after last week's RIF and today's announcement you must be just sticking around to collect a severance.

I just looked up my information in teams. My business address is now listed as “Bassett”. There is no town near me with this name or that has a UHC building. Does anyone know what this means? I am a remote worker currently. Thanks in advance.

With the announcement of another Rogers following JS it seems clear like our days are numbered here if you are not of a certain s-x or nationality.. Funny to see them try and get around JS's non compete with Rogers by hiding them in the transformation org. Feels like we should all be looking for a new job ASAP!

Just curious, what percentage of T employees respect and admire John Stankey? I would estimate less than 5%, what do you say?

Monarch Tractor, an agricultural tech startup, faces an uncertain future. The company recently laid off nearly all its remaining staff. Its Livermore, California headquarters has been vacated and equipment auctioned. Monarch Tractor developed the MK-V, an electric autonomous smart tractor. The company had raised over $200 million and was valued highly less than two years ago.

Livermore, California

https://igrownews.com/monarch-tractor-news/

Seattle Met magazine is under new ownership. Hour Media acquired its parent company, SagaCity Media. SagaCity Media sold its publications for $1.6 million in March. The company had faced financial difficulties and entered receivership. Layoffs have started at Seattle Met, affecting several editorial staff.

Seattle, Washington

https://mynorthwest.com/local/seattle-met-magazine-layoffs/4225310

The portal just opened and every manager I've talked to has no people changing. What a tu-d of a disappointment.

Cricket selling Fiber????

Immediately deleted

Looking on LinkedIn there is loads of Broadcom / VMW jobs coming up. I left as a Senior Technical Support Engineer and I am thinking of applying to go back in.

Genuine question, how's life inside now? Would it be worth going back in

https://www.phonearena.com/news/at-t-has-big-plans-for-cricket-wireless-and-they-go-way-beyond-phones_id179442

Well, that was fun, more value of the company obliterated in less time then you can chat the GPT. So many mistakes and fumbles...

Countless bad hires
Endless RIFs
Missed Quarters after Quarters (more like Y/Y misses)
Unlimited amount of Fuchsia bad fashion purchased
Mediocre acquisitions
Not retiring but got the BOOT
No longer the all female C-Suite bunchy bunch
Woke beyond belief
Endless RIFs (again... and again..) ± 1,000 people let go or MORE
Hustle in the Bustle
Off Shored Jobs - ±850 or so or MORE
6.2Bil of Value Reduced to 1.9Bil of Value
Precipitous Stock drop - 56% (or more) in two years
Endless more RIFs
Did I say terrible HIRES?

What a legacy, like a pinnacle of a legacy, like an empire of dirt or sand in the Sonoran desert.

At least she learnt how to spell AI

LOLOLOLOL..... Later!

As we come up to the 10 year Anniversary of ACT 2026, We can look at Intel so fondly of how well it has blossom (into a flaming pile of tu-ds!!!).

Curious to those who left during ACT 2016, how has life been after your departure? Is the Grass truly Greener on the Other side? Do you miss those yearly focal reviews? Do you miss those time-consuming Meetings? Do you miss the BS shenanigans that Intel is known for (aka Constructive Confrontation, or just Confrontational without the Construction? Kinda like IDC!)? Or the Empty promises from Management in QGS after every quarter? (Just like Intel Foundry :) )

Feel free to share your thoughts and feelings. Remember, its a safe space, even from BK. (Hopefully he didn't show you one of his drones).

Did anyone else notice in the Kwapcast how they're already starting to soften the language about RTO?

It was indicated that the reason they didn't go for a 3 day RTO is because they felt like they'd only be able to get people to do 1 and it was suggested that by going for a 5 day RTO, they'll be able to get people to do 3.

Hold the line, ladies and gentlemen. I think Bill D's nonsense will blow over.