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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.
That happened (and continues to happen) to my former employer.
After years of layoffs and outsourcing, the company doesn't have anyone on staff anymore who knows how half of the systems work.
Theae days, if something is more than 5 years old, the operations and maintenance staff (entirely outsourced contractors now) have to pray the documentation is correct (or even obtainable) if they have a hope of fixing it if anything breaks.
My experience is nowadays documentation is even going to go away, as the answer to fixing things is more and more going to be "get Claude to fix it"