Cisco To Lay Off Thousands More in Second Job Cut This Year (reuters.com) 45
Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, Reuters reported Friday, citing sources. From the report: The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company's fourth-quarter results, said the sources, who were not authorized to speak publicly.
How many of these layoffs (Score:5, Interesting)
It doesn't make sense unless you consider how many older workers are out there. Sure would be nice if we hadn't just gutted the ability to enforce regulations and worker protections...
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How's that reverse mortgage doing grandpa? Have you found a bank that will accept those Trump Bucks yet? https://www.nbcnews.com/news/u... [nbcnews.com]
Poor outcomes after layoffs (Score:2)
We as a society should consider the negative effects of layoffs:
- Drastically higher rates of suicide
- Drastically lower life expectancy in the 15 years after a layoff
- Drastically higher chance of divorce, with the follow-on effects of creating fatherless homes
Fatherless homes have much lower high school graduation rates, higher incarceration rates, higher drug use, ... more affecting the boys and to a lesser extent the daughters.
https://news.stanford.edu/stor... [stanford.edu]
https://econofact.org/layoffs-... [econofact.org]
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He's been making the same posts here for almost 20 years.
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You sound like an unhappy older worker.
I'm 58. I live in Texas, which is one of those states that never had any worker protections for older people like me. Yet, I've never had trouble finding work. My most recent job change was one year ago. It wasn't hard to find a well-paying job in software development, doing work that I enjoy.
Here's the thing. I've kept up with technology, while a lot of my "older" peers stuck with their Classic ASP or whatever they were doing 20 years ago. Those guys are stuck. Guys l
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I've been making my own luck since I was young. And yes, fortunately, everything you need to update your software development skills, is (or can be) free. Well, you do have to own a computer. But the tools like compilers and IDEs, database systems, web servers, frameworks, all that stuff is free, at least for non-commercial use.
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Tony Issac is clearly investing into himself so he stays relevant. Given how corporate America is, they typically won't invest in you but they still expect you to keep up on your skills.
This leaves you with two options.
1) Constantly keep learning and updating your skills at cost to yourself. This is investing into yourself. Self improvement and growth. This ultimately gives you more options and the ability to move between companies when necessary.
2) Don't keep up on your skills and hope you are so important
You're completely missing the point (Score:2)
You are having hundreds of hours of your life stolen for nothing in return except the possibility that if and only if you pick the right technology to study you might be allowed to keep a roof over your head.
It is absolutely batshit fucking insane that you find yourself in the situation where you're
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I think you misunderstand what employment is.
Employment is an exchange of labor, for money. That's it. Your employer has zero obligation to help you better yourself. That's completely, totally, on you. If they DO help you better yourself, that's wonderful! But it's certainly not required, either by law or by ethics.
If you dig ditches for a living, it's up to you to eat and sleep well enough to maintain the muscle tone necessary to do your job. If you fail to do so, that's not on the company that hires you.
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Well said.
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I misread your comment the first time.
Yes, absolutely, maintaining your skill for free is a good thing.
When you go to college, you are paying *through the nose* to gain some skills to obtain a better living. Maintaining those skills for free, is a bargain, by comparison.
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Age discrimination law is federal.
https://en.wikipedia.org/wiki/... [wikipedia.org]
Re:Best economy ever! (Score:5, Interesting)
Don't worry, Kamala and Tim will fix everything first day in office! You need to be aware there are very strong brains behind them.
Exactly. It will be just like the convicted felon claiming he would have gotten all those hostages freed without giving up anything. Which is why he didn't do it [tumblr.com] when he was in office. Or why he freed 5,000 Taliban prisoners [politifact.com] in exchange for . . .?
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Don't worry, Kamala and Tim will fix everything first day in office! You need to be aware there are very strong brains behind them.
Now I'm confused. I thought it would be Donald who would save the nation with his direct line to god?!? Aren't Kamala and Tim the servants of Satan?
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Let's be honest, both campaigns are just different arms of the "fuck you, pay your taxes" party.
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There's a palpable change happening across America, even here in Alabama. Yesterday, while picking up supplies at the local Tractor Supply, I struck up a conversation with Earl, a lifelong conservative and farmer. Amid the chatter about the weather and crops, politics came up.
To my surprise, Earl admitted, "I’ve always voted Republican, but things are different now. My farm’s struggling, and healthcare costs are killing us. My granddaughter’s been telling me about Kamala Harris, and I gott
Re: Best economy ever! (Score:2)
Re: Best economy ever! (Score:1)
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If the Democrats were going to do what Kamala is claiming they will do if she is elected, why didn't they do it with Joe Biden?
I find your story quite hard to believe given that the Democrats have been in charge the past 3.5 years.
Don't take this post as an endorsement for Trump by the way. I'm just saying, if someone that votes conservative is struggling today, why would they possibly blame the Republican party who hasn't been in charge the past 3.5 years? That doesn't really make sense.
Covid wasn't exactl
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This is retribution from the billionaires for the fuck you, pay me movement. The working class was getting a bit too uppity and had to be taught a lesson.
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The economy is weird because the proxy measurements we use are actually failing this time around.
McDonalds is getting less sales - you'd think that would reflect on the lower classes ability to dine out - it usually has for the past many decades. But no, because what happened is the prices at McD's is higher, but that is distorting the market. Because instead of "fast food", suddenly "fast casual" places are in the price range. And if you're going to pay for the same amount of money, are you going to visit
Re: Best economy ever! (Score:1)
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A lot of those sit-down places now offer carry-out. If you are that busy, you can place your order ahead of time, go pick it up and you've spent the same money for better food and the same amount of time acquiring it.
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Cisco is not representative of the economy.
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Cisco is not representative of the economy.
Right. But I'm making the same comment on lots of stories, and not all of them are Cisco.
And getting the same response ("SomeCo is not the economy!").
"Techies" want to bitch about the economy they voted for. And they're going to vote for it again. Stupid.
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Well of course, the news is going to focus on the companies that are struggling, because the companies that are doing fine, are boring. When a storm goes through a city, they don't show you pictures of the vast majority of houses that came through fine, they show you the ones that were destroyed. Drama attracts eyeballs, and eyeballs lead to revenue.
The reality is that tech unemployment *did* reach a high of 3.7% in June. https://www.ciodive.com/news/t... [ciodive.com] That's still very, very low. Economists have long fe
Their last round in Feb... (Score:5, Insightful)
Re: Their last round in Feb... (Score:2)
people still buy Cisco? (Score:2, Funny)
Who still buys Cisco products?
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Who still buys Cisco products?
quite a lot of companies
https://www.idc.com/getdoc.jsp... [idc.com]
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This is not news (Score:2)