FirmDistribution@lemmy.world to Technology@lemmy.worldEnglish · 2 months agoCisco announces record revenue and 4,000 layoffs in the same dayarstechnica.comexternal-linkmessage-square125linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkCisco announces record revenue and 4,000 layoffs in the same dayarstechnica.comFirmDistribution@lemmy.world to Technology@lemmy.worldEnglish · 2 months agomessage-square125linkfedilink
minus-squarefelixwhynot@lemmy.worldlinkfedilinkEnglisharrow-up0·2 months agoI suppose the implied question is, “why are they firing people when making record revenue?”
minus-squareTriumph@fedia.iolinkfedilinkarrow-up0·2 months 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-up0·2 months 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.