_On August 14, 2024, Cisco announced a restructuring plan to allow it to invest in key growth opportunities and drive more efficiencies in its business. In connection with this restructuring plan, Cisco currently estimates that it will recognize pre-tax charges of up to $1 billion consisting of severance and other one-time termination benefits, and other costs. Cisco expects to recognize approximately $700 million to $800 million of these charges in the first quarter of fiscal 2025 with the remaining amount expected to be recognized during the rest of the fiscal year._
11 replies (most recent on top)
Restructure what ? The LR just another Liposuction, steel tube randomly su-king fat. Still the lazy brain, weak heart, soggy belly skin hanging out .
Only those worried are those who are far removed from revenue or those who have no direct effect on revenue. And that is par from the course and you should have already caught on........... Your bad...............
This is getting so f*!$ing old! I'm done. Going to look elsewhere.
Blood for the blood god.
6000 is the lucky number
They should just reword this annual (or is it quarterly at this point) bull s-h-i-t and say “our recurring and expected planned layoff for this quarter is $1Billion”. They could put it on the slides right under the earnings report. I can’t wait to see how Fran tries to spin this.
4000 people with $800M in Q2
Maybe 5000 for $1B? However 75% of that is Q1 so US and non notice countries.
Why it’s so difficult to just say x-x impacted employees?
Cut the dead wood asap!
"huge" is a stretch, it's pretty much the same plan as last year's.
more than he should be firing, still a d-mb idea, but not huge
Stock has popped after hours !! Let's go!