124
Cisco announces record revenue and 4,000 layoffs in the same day
(arstechnica.com)
This is a most excellent place for technology news and articles.
The thing is, that's not what layoffs are supposed to be. That's effectively firing someone for cause. Maybe in America the difference doesn't matter, but in the civilised world, at least in theory, it does. But in reality they can somehow get away with this and call it "layoffs".
If a company does layoffs, they should not be allowed to hire any staff in the same or similar roles for 12 months.
The workload doesn't decrease, it just gets spread to the remaining workers who are already overloaded because of the previous round of layoffs...
Either that, or the laid-off workers should get right of first refusal for the positions. (Along with some additional incentive for the company not to game it.)