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@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.
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.