Thread regarding Cisco Systems Inc. layoffs

Industry wide LRs expected through end of year

𝘛𝘩𝘶𝘳𝘴𝘥𝘢𝘺’𝘴 𝘤𝘰𝘯𝘴𝘶𝘮𝘦𝘳-𝘱𝘳𝘪𝘤𝘦 𝘪𝘯𝘥𝘦𝘹 𝘴𝘩𝘰𝘸𝘦𝘥 𝘱𝘳𝘪𝘤𝘦𝘴 𝘳𝘰𝘴𝘦 2.4% 𝘪𝘯 𝘵𝘩𝘦 12 𝘮𝘰𝘯𝘵𝘩𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘚𝘦𝘱𝘵𝘦𝘮𝘣𝘦𝘳, 𝘳𝘶𝘯𝘯𝘪𝘯𝘨 𝘩𝘰𝘵𝘵𝘦𝘳 𝘵𝘩𝘢𝘯 𝘦𝘹𝘱𝘦𝘤𝘵𝘢𝘵𝘪𝘰𝘯𝘴. 𝘈𝘯𝘯𝘶𝘢𝘭 𝘤𝘰𝘳𝘦 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘢𝘭𝘴𝘰 𝘰𝘷𝘦𝘳𝘴𝘩𝘰𝘵 𝘧𝘰𝘳𝘦𝘤𝘢𝘴𝘵𝘴, 𝘸𝘪𝘵𝘩 𝘱𝘳𝘪𝘤𝘦𝘴 𝘦𝘹𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘷𝘰𝘭𝘢𝘵𝘪𝘭𝘦 𝘧𝘰𝘰𝘥 𝘢𝘯𝘥 𝘦𝘯𝘦𝘳𝘨𝘺 𝘶𝘱 3.3%. 𝘈 𝘴𝘦𝘱𝘢𝘳𝘢𝘵𝘦 𝘳𝘦𝘱𝘰𝘳𝘵 𝘴𝘩𝘰𝘸𝘦𝘥 𝘢 𝘮𝘰𝘥𝘦𝘴𝘵 𝘣𝘶𝘵 𝘶𝘯𝘦𝘹𝘱𝘦𝘤𝘵𝘦𝘥 𝘶𝘱𝘵𝘪𝘤𝘬 𝘪𝘯 𝘸𝘦𝘦𝘬𝘭𝘺 𝘫𝘰𝘣𝘭𝘦𝘴𝘴 𝘤𝘭𝘢𝘪𝘮𝘴.

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| 1172 views | | 10 replies (last October 13, 2024) | Reply
Post ID: @OP+1uWT2cZA

10 replies (most recent on top)

2025 is going to be brutal for layoffs at Cisco.

Cisco had four decades to produce working software and they're not even close The question is why should there not be brutal layoffs?

Worst possible time to be looking for work

I have friends with limited skills in their 60s who had no problem getting new jobs. "Worst" is definitely an overstatement.

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Post ID: @2yve+1uWT2cZA

glu+1uWT2cZA that is correct. What we are experiencing now is the end of a business cycle.

https://www.nber.org/research/business-cycle-dating

Those downvoting your post should consider learning economics 101

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Post ID: @2tgy+1uWT2cZA

@rfe+1uWT2cZA typical. if economy is doing poorly under DJT it's the last president's fault. But if the economy that Obama fixed and grew is doing well then DJT can take all the credit. lol

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Post ID: @1swf+1uWT2cZA

@thg+1uWT2cZA I would be curious what that Network Administrator job pays.
It's not cheap to live in Santa Clara county. Have you seen what the average home prices are lately?

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Post ID: @czd+1uWT2cZA

Yo, guys, you like to complain all day long when there are plenty of good jobs
Position: Network Administrator
Location: CA-Santa Clara-700 Lawrence Express Wy.-Santa Clara Hospital (CN44-01)
Duration: 12+ months (possible of extension)

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Post ID: @thg+1uWT2cZA

| it's almost like the US economy is in trouble. yay Bidenomics.

"Bidenomics" has nothing to do with it. US economy already showing signs of trouble in late 2019. The normal economic bo-m/bust cycle generally lasts every 7 years.

The pandemic, coupled with stimulus payments and PPP loans prolonged the 7 year cycle.
What we are seeing now is the economy that began it's bo-m in 2012 heading towards the natural bust cycle. It should have happened in 2019/2020.

This began long before Biden was POTUS.

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Post ID: @glu+1uWT2cZA

OP what is the source article you are quoting from?
Please provide source?

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Post ID: @esc+1uWT2cZA

Worst possible time to be looking for work

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Post ID: @vxm+1uWT2cZA

it's almost like the US economy is in trouble. yay Bidenomics.

looking forward to many of you ill-informed readers here blaming the next administration for the tanking economy once popular media finally starts admitting it.

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Post ID: @rfe+1uWT2cZA

2025 is going to be brutal for layoffs at Cisco.

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Post ID: @bcg+1uWT2cZA

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