Cisco Announces Layoffs And Restructuring

Cisco will be laying off 2,000 employees. The company also announced better than expected financial results. Employees will be getting news about the layoffs later today. That would be about 2.5% of the staff, which is about what they hired during the pandemic.

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TryingtoLava

something weird is happening rn

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DeWayfarer · 61-69, M

@TryingtoLava more than you could possibly know. Its a constant 10 degrees Fahrenheit in that warehouse.

TryingtoLava

@SatyrService btw watch NIO :)

SatyrService · M

@DeWayfarer i do know cisco food operation, ate it all thru august till october

Northwest · M

@DeWayfarer

Cisco Announces Layoffs And Restructuring

The food company is Sysco. Cisco is the Stanford offshoot, that produced the first commercial Internet router, and had its designs stolen by Huawei.

Cisco's stock was up 5% today. On a day when the NASDAQ was down 0.35%

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SatyrService · M

they should give those laid off, preferred stock as a thanks

TryingtoLava

@SatyrService META ya but TWTR is delisted and crypto.com doesnt have stock in the nyse

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