• 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.

    • @FirstCircle@lemmy.ml
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      4 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.