this post was submitted on 16 May 2026
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Cisco announces record revenue and 4,000 layoffs in the same day (arstechnica.com)
submitted 5 hours ago by FirmDistribution@lemmy.world to c/technology@lemmy.world
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[–] pelya@lemmy.world 3 points 3 hours ago (2 children)

With Meta it very much looks like overhiring. What are those 8000 workers even doing, designing CSS for each individual ad on Facebook?

[–] grue@lemmy.world 1 points 18 minutes ago

Implementing additional forms of wankery in the "Metaverse".

[–] some_designer_dude@lemmy.world 3 points 2 hours ago

This blows my mind when I try to think about it. And this is only 10% of a supposed 80,000 globally. Facebook owns a bunch of companies though so I’m assuming they’re being counted too. Instagram, WhatsApp, Oculus, etc