Ars Technica
US · 3 hrs ago
✦ 75◉ Centre
Cisco announces record revenue and 4,000 layoffs in the same day
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Credibility 75/100
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◉ Centre ✓ Fair headline
Cisco reported record revenue while simultaneously announcing 4,000 layoffs, with the CFO characterizing the cuts as part of strategic restructuring rather than cost-cutting measures.
Cisco announces record revenue and 4,000 layoffs in the same day
Layoffs are "not a savings-driven resutrcture," CFO says.
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