CNBC: “Economists warn a recession is likely in early 2025”
Thoughts on Cisco impact?
17 replies (most recent on top)
How else do you buy a 28B company AND keep Wall Street happy? Just like Oprah…. You get laid off, you get laid off, everyone gets laid off!!
Here is a list of the upcoming LRs:
- February 2025
- August 2025
- December 2025
- February 2026
- August 2026
- December 2026
- February 2027
- August 2027
- December 2027
Cisco's forecast and roadmap only goes up to 3 years in the future. But most likely the same will happen in future years till Cisco is completely kaput.
I appears the recession has already begun unfortunately. fall layoffs will be like dominoes, one falling after the other
The economy could have triple digit growth and Cisco would still LR.
This is fu---d up they are trying to completely normalize this layoff process in our BU higher management are hosting parties with smiles all around like everything is normal they know they are safe while minions are shaking in their seats
If there are a couple of rate cuts, then maybe they can avoid it for optics - as you don’t want to start a new govt K or T with a series of layoffs.
I read that same CNBC piece snd it was pretty discouraging.
Layoffs will continue. Chuck and his team are incapable of managing headcount effectively. This is life here. You either have to accept it or leave. Su-ks, I know.
We're already in a recession.
Legacy media reporting a recession depends on the Nov election.
Presuming T wins, have to wait for inauguration, then wait for a few policy changes, then media can report that T triggered a recession.
If K wins, media will report that the forthcoming war will somehow boost the economy and prevent the recession we're already in.
is there ever any doubt about LR's? Come on, are you new here???
100% will happen , infact will happen every 6 months from now on bussiness is really bad we lost about 4 to 5 billion in revenue compared to last year according to CR, we are on a titanic all aboard folks
Is the sky blue?
Everything will be free then thanks to Kommissar Harris. Only undesirables will suffer.
Economists and analysts have zero credibility. That is why you get kicked out of companies regardless of “strong” earnings call 😂
Wow, this is depressing to hear
Expect Chuck to be gone by Feb 2025 but his replacement will layoff large numbers of deadwood to start with a clean slate to boost profits while revenues keep declining
Of course there will be another LR in February. Chuck is going to bend us over his knee and gives us more of that "financial discipline" he is famous for.