#earnings

With our app counts down, MLA negotiations not going well with one carrier, and backfills not happening, has anyone heard of any more layoffs? A small one seems likely to me after the earnings call.

I think it is just short sellers trapped the bulls who bought at $500 aftermarket. But WTH.

https://cloudinfra.blog/what-broadcoms-earnings-miss-means-for-cloud-ai-infrastructure-spending/

I lost $ of upper 5 digits today. Very Bad.

I heard a rumor that there will be layoffs on July 15th, and then more on August 15th? Has anyone heard about this? Not sure if it's even true, or what departments.

Q2 earnings reports are expected to be on July 30th, so the July 15 layoffs would be ahead of that call. I overheard this information before the reports that the EU approval for the WBD acquisition is July 7th.

If you’re with a vertical market like touchnet, greater giving, zego, mineral tree, heartland, etc

How are things going at your respective companies? How are earnings? How is morale? Or is the sales pipeline and sales leadership?

Anyone knows why Viasat hasn’t reported its Q4 and FY26 earnings?

Upwork will cut 24% of its staff. This decision followed a recent earnings update. Upwork now expects lower full-year revenue. It also faces increasing legal scrutiny. Upwork's share price has sharply declined.

https://simplywall.st/stocks/us/commercial-services/nasdaq-upwk/upwork/news/assessing-upwork-upwk-valuation-after-earnings-cut-guidance

With the oil shortage affecting supply chain and the stock price slipping. Any cuts happening on Thursdays earnings release?

Cisco to cut about 4,000 jobs in AI-focused restructuring as orders surge

• (Reuters)
• Reuters reports that Cisco will cut nearly 4,000 jobs in a restructuring to shift investment toward AI and related growth areas while raising its annual revenue forecast after a surge in hyperscaler orders.

  https://www.reuters.com/technology/cisco-raises-annual-revenue-forecast-2026-05-13/

Read the memo: Cisco to cut about 4,000 jobs in AI-driven restructuring

• (Business Insider)
• Business Insider publishes Cisco CEO Chuck Robbins' memo and reports that the company will cut fewer than 4,000 jobs while redirecting investment toward AI chips, fiber optics, and security.

  https://www.businessinsider.com/cisco-announces-4000-layoffs-ai-driven-business-shift-2026-5

Cisco To Cut Nearly 4,000 Jobs In Restructuring Push Around AI, Security

• (CRN)
• CRN reports that Cisco will notify most affected employees starting May 14 as it cuts fewer than 4,000 roles and reallocates resources toward AI, security, silicon, optics, and quantum networking.

  https://www.crn.com/news/networking/2026/cisco-to-cut-nearly-4-000-jobs-in-restructuring-push-around-ai-security

Bay Area tech giant Cisco to cut thousands of jobs after record revenue

• (SFGATE)
• SFGATE reports that San Jose-based Cisco will cut fewer than 4,000 jobs after record quarterly revenue and notes that California had not yet received a WARN filing as of Wednesday.

  https://www.sfgate.com/bayarea/article/cisco-layoffs-bay-area-22257875.php

Cisco to Shed Jobs for All-In AI Push

• (The Wall Street Journal)
• The Wall Street Journal reports that Cisco plans to eliminate fewer than 4,000 jobs this quarter to move more resources into silicon, optics, security, and AI.

  https://www.wsj.com/business/earnings/cisco-to-cut-jobs-in-shift-to-capture-more-ai-demand-b99eeb21

Cisco to cut jobs so it can invest more in AI, and the stock rockets toward a record

• (MarketWatch)
• MarketWatch reports that Cisco plans to lay off fewer than 4,000 employees and record up to $1 billion in restructuring charges as it increases AI-related investment.

  https://www.marketwatch.com/story/cisco-to-cut-jobs-so-it-can-invest-more-in-ai-and-the-stock-rockets-toward-a-record-cf9d09a9

Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan

• (Bloomberg)
• Bloomberg reports that Cisco shares rose after the company announced a stronger-than-expected sales forecast and a restructuring plan tied to thousands of job cuts.

  https://www.bloomberg.com/news/articles/2026-05-13/cisco-gives-better-than-anticipated-forecast-plans-to-cut-jobs

Cisco Earnings and Revenue Beat Estimates on Strong AI Demand. Its Shares Surge.

• (Barron's)
• Barron's reports that Cisco beat earnings expectations and announced roughly 4,000 job cuts as part of a restructuring tied to AI-driven demand.

  https://www.barrons.com/articles/cisco-earnings-stock-price-f649ed14

Cisco Earnings, Revenue Beat As Stock Hits Record High Amid Strong AI Orders

• (Investor's Business Daily)
• Investor's Business Daily reports that Cisco's stock hit a record after strong AI orders and notes that the company announced layoffs of about 4,000 employees.

  https://www.investors.com/news/technology/cisco-stock-cisco-earnings-artificial-intelligence-q12026/

Cisco announces layoffs with Q3 results

• (Seeking Alpha)
• Seeking Alpha reports that Cisco announced it will let go of fewer than 4,000 employees in conjunction with its third-quarter results and AI-focused strategy.

  https://seekingalpha.com/news/4592518-cisco-announces-layoffs-in-conjunction-with-q3-results

Cisco CEO says reducing workforce in Q4 by fewer than 4,000 jobs

• (TipRanks)
• TipRanks reports Cisco CEO Chuck Robbins' statement that the company will reduce its workforce by fewer than 4,000 jobs in the fourth quarter while investing in AI, silicon, optics, and security.

  https://www.tipranks.com/news/the-fly/cisco-ceo-says-reducing-workforce-in-q4-by-fewer-than-4000-jobs-thefly-news

Cisco unveils $1B overhaul, about 5% job cuts after posting blockbuster Q3 results

• (Investing.com)
• Investing.com reports that Cisco announced a restructuring with about 5% job cuts and up to $1 billion in charges after strong third-quarter results.

  https://uk.investing.com/news/earnings/cisco-unveils-1b-overhaul-about-5-job-cuts-after-posting-blockbuster-q3-results-4676309

Cisco announces 4000 layoffs as Q3 earnings beat amid 'broad-based demand'

• (Yahoo Finance)
• Yahoo Finance reports that Cisco announced a restructuring plan to cut 5% of roles, or fewer than 4,000 jobs, alongside third-quarter earnings that beat expectations.

  https://finance.yahoo.com/markets/live/earnings-live-updates-cisco-announces-4000-layoffs-as-q3-earnings-beat-amid-broad-based-demand-103000342.html

CISCO REPORTS THIRD QUARTER EARNINGS

• (Cisco Investor Relations)
• Cisco's earnings release says the company announced a restructuring plan with up to $1 billion in expected pre-tax charges tied to severance, termination benefits, and other costs.

  https://investor.cisco.com/news/news-details/2026/CISCO-REPORTS-THIRD-QUARTER-EARNINGS/default.aspx

Stock headed for $200
Economic bo-m

Any truth to this? Could be legit given end of fiscal and upcoming earnings.

Results seem to be great, so why are we still cutting people? If layoffs are happening while the numbers are good, it makes you wonder how bad things would get for employees if results actually started slipping.

what will the rest of the year look like?

$108 was considered the highest possible outcome by analysts.
Have to imagine this ~$100 range won’t last past earnings.

Haven’t heard a peep from him in quite some time - since the earnings call?

Earnings were pretty good, will the summer cuts be cancelled?

Werent that bad making $650 free cash after everything is paid, even reduced the debt by $300 million, and a massive $250 million buyback thats 30% of the company. Its a really cash generative business on the back of under paying employees.

What Wall Street doesnt like is the constant revenue decline and more forecast, and Rwul keeps on promising AI solutions in place but its not showing in revenue. Wall Street doesn't do contraction even though DXC is making a ton of money.

Listen for things like "Increased hiring " and " we are returning to growth "

The tide is turning , the company is over the worst

CDW stock dropped 20% today after Q1 2026 earnings revealed a troubling disconnect: strong revenue growth of 9.2% to $5.68B, but shrinking margins. Gross margin fell from 21.6% to 21.0%, and operating income missed estimates by 18%. The market’s reaction wasn’t panic over one bad quarter — it was a verdict on a deeper structural problem.
CDW is fundamentally a “box sales” company — a distributor that moves IT hardware at scale. For years they’ve been trying to pivot toward higher-margin managed services and software to justify their valuation. That pivot isn’t working. Ironically, the AI hardware bo-m should be their moment, but instead of lifting profitability, it’s exposing exactly the problem: they’re selling more, but making less per dollar of revenue.
The long-term picture is concerning. Cloud providers and manufacturers are increasingly cutting out the middleman, and the managed services opportunity CDW was banking on is being eaten by AWS, Azure, and specialized competitors. With $5B in net debt, a deteriorating margin story, and a business model under secular pressure, CDW looks less like a buying opportunity and more like a potential value trap.

"Teradata struggled to consistently generate demand over the last five years as its sales dropped at a 2.3% annual rate. This was below our standards and is a sign of poor business quality."

https://www.financialcontent.com/article/stockstory-2026-5-5-teradata-nysetdc-posts-better-than-expected-sales-in-q1-cy2026

Email to employees bottom Lores announced his intention to make cuts so the question is now that he has announced it when will it occur can't have this sitting on employees for months.

The Q1 2026 results strengthen the case that leadership will keep pushing productivity, automation, AI, severance, consolidation and expense control. The company is not in existential danger based on results but the numbers are weak enough that employees should assume continued restructuring risk. I wouldn't interpret this as a reason to panic yet.

Earnings fell short, stock dipped 10%

They’ve now published 2 customer PRs this week, must be desperate to have something positive to talk about on the call. If they think Gyro hut is going to move the needle with investors, things must be even worse than they appear.

I hope a company with a massive windfall wouldn't do such a thing, though.

Whats getting sold and who's buying

5/13 is the next earnings date, and layoffs will likely follow.

They may not be announced publicly.

They may just happen quietly in the background. No WARN, no PR releases - just silent cuts. People disappear.

Contractors have already been sent home. Many red badges have been eliminated already.

AI efficiency is starting to take hold across corporate America, and Cisco is not immune to it.

No earnings insider insight, but if I were a better (would)man, I'd bet on a miss and bleak outlook. Just based on sentiment

Adidas told Kanye West to pack it up and took the hit. Cleaned house. Nike keeps doubling down with Travis Scott looking for a shortcut to relevance.
Adidas reports earnings and the stock jumps. Nike reports earnings and the stock drops.
Adidas is back to making gear for actual athletes. Winning marathons, on the feet of the best young footballers, everywhere that performance still matters. Nike feels like it is selling nostalgia and hoping the logo carries it.

Look at basketball. Adidas got Anthony Edwards. Electric, marketable, and compared to Ja Morant headlines he looks like a saint. One company reset and moved forward. The other one is going to to keep slimming down to greatness… make it make sense.

In the Q1 earnings report under SGA, it lists 20–24 million estimated for severances in 2026. Big layoff must be coming

What is your guess of the stock price at the close on 4/30/26?

My guess: $1.06

I know that is crazy on a percentage basis, but we're at the end now.

Humana probably should do their very best to artificially raise their stock today (e.g., buybacks, corporate partnership temporary buys, etc.) before the Q1 Earnings Report comes out tomorrow; before the big flop in stock price, once investors see Humana’s true financial state. Womp womp! :(

Closed earnings call May 7, originally scheduled for the 14th.
Dennis cokefest on the 14th.

So, June 19 exit for most of us left, right after the B-rup filing.

Earrings coming in at 1.53 EPS. 🧐

In the Q1 Earnings press release (April 22, 2026), WAY down to the financial tables section titled: “GAAP NET INCOME TO ADJUSTED EBITDA RECONCILIATION” inside the table, you will see this line: “Workforce rebalancing charges”

And see the number is $0.3 Billion for 2026, same as 2025 for the 2 months ending in March 31.

Workforce Rebalancing Charges means a one time charges for laying off employees, closing facilities, or changing management.

If IBM continues to use an average cost of $150K per employee, then $300 Million translates into ~2,000 employees.

This is consistent with what they said in January 2026 at the 4Q Earnings call.

Here's the link to the 1Q Earnings press release:
https://newsroom.ibm.com/2026-04-22-IBM-RELEASES-FIRST-QUARTER-RESULTS?utm_source=chatgpt.com

All signs point to good results tomorrow with help from the blockade in the Straight of Hormuz. I’m sure we will say it is proof our strategy reset is working, and that we still have to make more “difficult” changes. Then cue layoffs announced around Q2 results. What does everyone else think?

Not only will we beat the numbers, we will blow past them

The numbers are awesome, we are returning to growth

55k Phone net adds. Increasing guidance on EPS and noting we will be at top end of phone net adds range of 750-1M. All major metrics at VZ w YOY increases.

Stock temporarily up.

Looking forward!

How and when is the May Beat scheduled. It's typically scheduled about a month out and we're already at the end of April without that. If we get an invite in a few days for one at the end of May, you can probably assume that nothing super dramatic is planned in May. If it comes out late and is a short notice beat scheduled for just after earnings you might go hmmmmm even though nothing is certain. This is not a prediction. It's just something to watch for.