Thread regarding Cisco Systems Inc. layoffs

mass layoffs just after soaring revenue report

In a Thursday interview with CNBC on the same day of the report, CEO Chuck Robbins addressed AI technology in the company’s workforce.

“I don’t want to get rid of a bunch of people right now. I don’t want to get rid of engineers,” Robbins said. “I just want our engineers we have today to innovate faster and be more productive and that gives us a competitive advantage.”

Robbins said if AI keeps advancing at Cisco, the company could possibly hire fewer employees. Cisco did not respond to SFGATE’s request for comment on the latest round of layoffs.

https://www.sfgate.com/tech/article/bay-area-tech-titan-announces-layoffs-strong-20826542.php

#AI #Layoffs #AILayoffs #Revenue
by Anonymous
| 3865 views | | 14 replies (last August 25) | Reply
Post ID: @OP+1k35gkwvb
Comment! It's anonymous!

14 replies (most recent on top)

@s4 Explain to me what law Cisco ran afoul of?

I'll wait.

by Anonymous
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Post ID: @yz+1k35gkwvb

@ca no, you are absolutely wrong, you can not say I have announced a plan to run headcount cut a few years ago, so I don’t need to announce each time after that, you believe you are smart to bypass embarrassment? No way, you will have trouble and see you court.

by Anonymous
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Post ID: @s4+1k35gkwvb

@cj majority of employees in that building are software engineers, many Indians, hard hit by the layoff last week.

by Anonymous
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Post ID: @s3+1k35gkwvb

560 McCarthy Blvd = Building 23 of SJ/Milpitas campus.

Which BUs are in Bld 23?

by cisco geek
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Post ID: @cj+1k35gkwvb

Cisco being called a “tech titan” is great stuff.

by Pure3!
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Post ID: @cd+1k35gkwvb

@bj If you had bothered to read the earnings report, your questions would be answered.

I'm no fan of Chuck and Cisco's direction, but the fact is the previous LR was something that was taking place over multiple quarters.

Go back and read the earnings statement where the LR was announced and read the current one and then get back to me.

by Anonymous
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Post ID: @ca+1k35gkwvb

Your definition of mass layoffs and others may be slightly different

by Anonymous
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Post ID: @bx+1k35gkwvb

@bg so what? Why you say and how you know they haven't executed?

by Anonymous
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Post ID: @bj+1k35gkwvb

@aa 560 McCarthy Blvd = Building 23 of SJ/Milpitas campus.

by Anonymous
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Post ID: @bh+1k35gkwvb

@aa These layoffs were already announced in the previous LR WARN announcement. They just hadn't been executed yet.

by Anonymous
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Post ID: @bg+1k35gkwvb

CR and G2 think they are winning. Poor comp for employees and constant layoff anxiety but still we show up. But they aren't winning because that is all we are doing, showing up.

Don't worry about my review CR, I have already given myself an implicit raise by working even less than I did before.

by Anonymous
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Post ID: @ap+1k35gkwvb

Love watching Caught Robbin work and lead from the front! Such a fearless leader!

by P3!
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Post ID: @ae+1k35gkwvb

Employees were notified of the layoffs on Aug. 14 and their terminations will be effective Oct. 13. The most cuts, affecting 157 jobs, largely in software engineering roles, were at Cisco’s Milpitas office at 560 McCarthy Blvd. Cisco’s San Francisco office at 500 Terry A. Francois Blvd. will cut 64 positions, according to the filing.
So, he lied.

by Anonymous
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Post ID: @aa+1k35gkwvb

no reply.... does not fit narrative... all is well.... AI is what we do... Oh, did I mention AI?.... we sell a few switches at steep discounts to saudi's... oh wait, I mean all is well.... AI is good. We control all your base.

by Anonymous
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Post ID: @a9+1k35gkwvb

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