Cisco is a good barometer of the global markets. In 2009, Cisco did layoffs followed by a significant downturn among tech stocks.
Is this happening again??
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Cisco is no longer a future technology barometer. So no.
Cisco stopped being the industry barometer a long time ago. Anyone who still thinks that Cisco is a market indica Needs to stop drinking the koolaid and water up from the reverie.
Cisco, for all purposes, is now the industry stray dog fekker.
Cisco is a sinking ship. The execs are looting the company dry. Directors getting 750K RSUs and 500K bonuses not to mention Cisco pays tax on the vested RSUs as part of the deferred compensation plan.
Imagine what the thousands of VPs are making. Get out before you are forced out.
Cisco layoffs are definitely NOT the barometer as other tech companies (AWS, Google, Okta, Zscaler, Salesforce, Oracle, SAP, etc.) are more on the fo-e front of tech than Cisco is or will ever be again.
It's like you don't believe in infinite borrowing driving infinite growth on a planet with finite resources.
Cisco is now Nortel 2.0...
Nortel was a circuit switching vendor in a world moving to packet switching. Since IPv6 is closing in on 30 years and has so many problems still I don't see a technology replacing IPv4 in a way that Cisco cannot adapt. That said it appears Cisco only maintained the growth it has recently by the market growing faster than Cisco is losing market share. Four operating systems, 40 years of technical debt and a staff that has never developed anything significant from the ground up are likely more than any ELT could overcome. While Nortel went from peak to bankrupt in 9 years Cisco has the chance to glide down more slowly, but it feels like down in the likely course.
While Cisco is past their prime, this is a barometer. I was f&%$ed by the dotcom right outta high school. Was boned by 2008 GFC, did snag a small place in 2011. What is coming is nothing in comparison... I hope no one over leveraged themselves. Things can easily slide into a depression.
True that once upon a time Cisco was an indicator of global markets because they were tech leaders. 2008 recession was 15+ years ago. Cisco is no longer the leader they once were, they are now lagging their competitors in growth in several areas because they missed several key tech areas of growth, lacked the vision needed to invest in those when the time was right, refused to use tech vision to invest in R&D and shunned innovation. They are literally laying off people every quarter since October 2022.
Cisco layoffs are no longer the economic barometer that they used to be. It's just a company who is way past its prime, sagging under gravity and trying to stay alive. Cisco is now Nortel 2.0, a rudderless ship trying to stay afloat but gathering water, with a captain at helm who cannot read a compass to save his life.