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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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Revenue is not profit. I'm not defending them, but relating revenue to layoffs is apples and oranges.
Almost 27 billion is net profit
Fuck em then.
Are people backwards here or something? You're explicitly stating that you're not defending them, and you're completely right in what you're saying. A company can have record revenues and record losses (negative profit) in the same period. That doesn't mean meta and zucky are anything short of horrible, it means the headline is crap. An informative headline would be " reports profits and announces layoffs". Saying they have record revenues tells us exactly nothing about whether layoffs are justified or not.
Case in point: My buddy's startup had record revenues this year, more than doubled since last year, if they keep going at this pace they'll be bankrupt by this time next year, since their income is smaller than their wage expenses.
Thank you.
More like comparing orange peels to oranges. One is a component of the other.
I suppose the implied question is, “why are they firing people when making record revenue?”
to answer your question though, it's because Cisco is run by sigma grindset assholes.
Revenue is income before expenses. Profit is what's left over after expenses. Revenue can increase, but if expenses increase even more, profit declines.
That's why relating revenue to layoffs is apples and oranges.