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Cisco announces record revenue and 4,000 layoffs in the same day
(arstechnica.com)
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this post was submitted on 16 May 2026
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The stock market is a weird thing - prices seem to be tied to whether a company can make more this quarter than last quarter, and not tethered to whether a company makes a profit. I figure that they made record revenue and now need a strategy to make even more profit next quarter, which they hope to achieve by reducing expenses via layoffs.
I don’t like it, but the economy is more tethered to speculation than reality.
it’s not weird. it’s literally how capitalism works. it feels weird because it actually feels fucking wrong and disgusting but we are propagandized into thinking this is ok.
It’s a pyramid scheme. You participate long enough to be able to move your money to a more stable platform and live off the measly interest that provides.
Line go up dog, just give in and roll around in the slop with the rest of us.
One of the biggest (official) recession indicators, is whether or not the public thinks we're in a recession.
Yes that always irks me. We can have 15 “markers of a recession”, but as long as nobody says it’s name, it can’t be true. The media has the Voldemort approach to economics.