Optional@lemmy.world to News@lemmy.world · 27 days agoCisco slashes thousands of staff, 7% of entire workforce, pivots into AIwww.theregister.comexternal-linkmessage-square33fedilinkarrow-up1165arrow-down10file-textcross-posted to: business@lemmy.worldhardware@lemmy.world
arrow-up1165arrow-down1external-linkCisco slashes thousands of staff, 7% of entire workforce, pivots into AIwww.theregister.comOptional@lemmy.world to News@lemmy.world · 27 days agomessage-square33fedilinkfile-textcross-posted to: business@lemmy.worldhardware@lemmy.world
minus-squareFirstCirclelinkfedilinkEnglisharrow-up1·edit-227 days 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.
“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.