It is official.
15 replies (most recent on top)
This ‘restructuring’ is complete BS. Our team hit number (which included growth) PLUS 17%. We kicked it out of the park. Yet they still LRd two highly customer respected engineers from our team. “Restructuring” is complete BS, it is cost cutting and greed.
they just let go about 6k reds
it does not surprise me, this 1:1 ratio
7% is all blue, I wonder how many red
Im cooked yall
Me too... but I'm okay with it.
You can always look at Cisco's form 8K on sec.gov
Item 2.05.
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. This restructuring plan is expected to impact approximately 7 percent of Cisco’s global workforce.
Im cooked yall
est impact = 5943 employees
We're so fscked.
"Where are you seeing this?"
"Reuters" article a few minutes ago.
was announced in the earnings call
Where are you seeing this?
Reuters, and the earnings call.
This is bigger than the February cut.
Where are you seeing this?
That is why stock went up. Shameful
Try to keep up.