Is Cisco going to layoff people in 11/2026 or 02/2027? Which one is more likely?
Margin pressure and AI cost will be the primary factors.
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@ee do you know when the list supposes to be submitted?
5% in Nov. Murmurs about Feb as-well. Assume it will be quarterly unless stock reaction is positive post earnings
@cc An executive at a Cisco-partner company confirmed the Q2/Q4 cadence 😭
https://www.crn.com/news/software/2026/cisco-to-lay-off-471-workers-in-california-software-engineers-hit-hardest
@ax so the list is already set and ready to go? Wonder if any VP+ (or someone in the know) can confirm!
OP, what's wrong with you? Both are likely.
11/26. The AI backstory is already starting to falter, even among well established AI related firms. I fully expect a significant labor cut announcement to juice the stock in November this year.