FirmDistribution@lemmy.world to Technology@lemmy.worldEnglish · 29 days agoCisco announces record revenue and 4,000 layoffs in the same dayarstechnica.comexternal-linkmessage-square130fedilinkarrow-up1823arrow-down16
arrow-up1817arrow-down1external-linkCisco announces record revenue and 4,000 layoffs in the same dayarstechnica.comFirmDistribution@lemmy.world to Technology@lemmy.worldEnglish · 29 days agomessage-square130fedilink
minus-squarefelixwhynot@lemmy.worldcakelinkfedilinkEnglisharrow-up3·29 days agoI suppose the implied question is, “why are they firing people when making record revenue?”
minus-squareTriumph@fedia.iolinkfedilinkarrow-up12arrow-down1·29 days agoRevenue is income before expenses. Profit is what’s left over after expenses. Revenue can increase, but if expenses increase even more, profit declines. That’s why relating revenue to layoffs is apples and oranges.
minus-square_stranger_@lemmy.worldlinkfedilinkEnglisharrow-up2·28 days agoto answer your question though, it’s because Cisco is run by sigma grindset assholes.
I suppose the implied question is, “why are they firing people when making record revenue?”
Revenue is income before expenses. Profit is what’s left over after expenses. Revenue can increase, but if expenses increase even more, profit declines.
That’s why relating revenue to layoffs is apples and oranges.
to answer your question though, it’s because Cisco is run by sigma grindset assholes.