That is good news!
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sigh...first order thinkers strike again.
$1B allocated for restructuring announced in May 2026 (slightly under ~4000 ppl)
Q4 FY2026: $511 million recognized
Q1 FY2027: $28 million recognized
Cumulative recognized: ~$539 million
Remaining: up to ~$461 million, expected to be recognized across the rest of fiscal 2027 (the plan is "expected to be substantially completed by the end of fiscal 2027").
Not only is it coming, but Cisco told you it's coming months ago. You just don't pay attention.
@a8 even if it is "above the threshold" they don't have to announce it specifically during earnings calls. it does need to be filed properly but they could easily choose to not talk about it during earnings. earnings is just a convenient time in the calendar. if they wanted to, they could do an LR halfway between earnings.
@aa I think your name would be the first .
@a9 did you seriously just say there was no LR announcement in May lollllll
@a8 investors want to see we're cutting roles because of successful AI strategy and push EPS up. its all about shareholders profit were going to stay flat because Chucky didn't follow through
layoffs are confirmed. good luck to all
@a5 correct. There was no announcement in May or last August.
@a7 it only has to be announced when there is a certain percentage being LR’d. If it’s below the threshold it does not have to be announced on the earnings call.
Why do people think this is wrong? There was no announcement in the earnings call, as they have done in every round before.
now that we got rid of the AI cynics we are rocking our strategic goals across all theaters. to the moon baby!
just because there is no public announcement doesn't mean there isn't a silent LR happening starting tomorrow
Nooo there is people who read in their rear that it is going to happen
we live to collect another bonus! LFG!!!!!
no, didn't you read the previous posts? LR notices will go out Tuesday 11/17
Wrong as usual.