Optional to News@lemmy.world • 3 months agoCisco slashes thousands of staff, 7% of entire workforce, pivots into AIwww.theregister.comexternal-linkmessage-square30fedilinkarrow-up1176arrow-down11file-textcross-posted to: business@lemmy.worldhardware@lemmy.world
arrow-up1175arrow-down1external-linkCisco slashes thousands of staff, 7% of entire workforce, pivots into AIwww.theregister.comOptional to News@lemmy.world • 3 months agomessage-square30fedilinkfile-textcross-posted to: business@lemmy.worldhardware@lemmy.world
minus-square@FirstCircle@lemmy.mllinkfedilinkEnglish8•3 months ago Davidson will move to a role advising the CEO during the borg What does the borg have to do with this?
minus-square@fine_sandy_bottom@lemmy.federate.cclinkfedilink2•3 months 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@FirstCircle@lemmy.mllinkfedilinkEnglish1•edit-23 months 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.
What does the borg have to do with this?
Resistance is futile.
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.