r/SimpleApplyAI • u/Key_Discipline_232 • 19d ago
News Cisco announces record revenue and 4,000 layoffs in the same day
https://arstechnica.com/information-technology/2026/05/cisco-announces-record-revenue-and-4000-layoffs-in-the-same-day/1
u/Ambitious_Skirt_2774 19d ago
Record revenue and 4,000 layoffs in the same day really highlights how āstrong resultsā donāt necessarily translate to job security anymore.
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u/Super_Mario_Luigi 19d ago
I don't know when "strong results" ever guaranteed a job. Layoffs aren't new.
Being the most expensive labor option when other options exist will always put a target on you
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u/spazzvogel 19d ago
A few friends were impacted from various teamsā¦ coincidentally some of them were doing AI work.
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u/NilayPorto 19d ago
From which country and team?
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u/Unnamed-3891 18d ago
Why does media keep putting record revenue/profit and layoff counts in the same title as if one is supposed ton preclude the other? And why do people take the bait?
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u/ell-chan 19d ago
Until the AI broke down.... They will look for human
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u/MrLanesLament 18d ago
Honestly, I dunno; Iāve seen client businesses of ours layoff or just fire for bullshit reasons (with the real reason being tenured person making bank to do very little.)
Even if it ends up being a terrible mistake, I have never once seen a business actually turn back. They figure out production processes and shit they can cut or assign to someone else (in order to eliminate the department) rather than bringing people back.
If thereās one thing high-up corporate management hate, itās admitting they were wrong.
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u/Accomplished-Dark728 19d ago
To the CEO: I saw what you did š (sarcasm)