Optional to News • 1 month agoCisco slashes thousands of staff, 7% of entire workforce, pivots into AIwww.theregister.comexternal-linkmessage-square34arrow-up1176arrow-down11file-textcross-posted to: businesshardware
arrow-up1175arrow-down1external-linkCisco slashes thousands of staff, 7% of entire workforce, pivots into AIwww.theregister.comOptional to News • 1 month agomessage-square34file-textcross-posted to: businesshardware
minus-square@[email protected]linkfedilink2•1 month agoThe whole article is a shit show. When did it become trendy to use abbreviations like “reorg” and “biz”. I work in corporate finance, I’ve never heard someone talk like that.
minus-square@[email protected]linkfedilinkEnglish1•edit-21 month ago The redundancies follow declining revenues and shrinking profits. “Redundancies” is apparently now a noun that refers to employees being laid off. Intel announced it was eliminating 16,000 people – to curb capital expenses. Headcount is now a physical asset I guess. Corps must be taking depreciation expenses on employees now in addition to salary expenses. Ka-ching! After my first browse of the article I was wondering if it had been spewed out by some of the crappy AI that Cisco is so keen on.
The whole article is a shit show. When did it become trendy to use abbreviations like “reorg” and “biz”. I work in corporate finance, I’ve never heard someone talk like that.
“Redundancies” is apparently now a noun that refers to employees being laid off.
Headcount is now a physical asset I guess. Corps must be taking depreciation expenses on employees now in addition to salary expenses. Ka-ching!
After my first browse of the article I was wondering if it had been spewed out by some of the crappy AI that Cisco is so keen on.