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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[โ€“] floofloof@lemmy.ca 15 points 2 hours ago* (last edited 2 hours ago) (1 children)

It also fosters a culture of non-cooperation with colleagues (because they are now your competition), where workers and teams try to sabotage each other, or at least not help, and throw each other under the bus. So there's mutual mistrust too. And no one wants to take a risk and innovate, leading to further stagnation.

[โ€“] testaccount789@sh.itjust.works 3 points 2 hours ago

But that will be a problem for the next guy.