How much of this is because of the virus vs what was their plan all along?
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CR said covid provided “air cover” for these changes.
if i recall correctly ceo said this plan for reduction started a year ago. i believe covid is cover.
Most likely planned. The week before last LR announced (then rescinded) Several top executives cashed in millions in stock. Granted David was moving to new company, but some had just started
several months before... https://www.gurufocus.com/news/1059427/cisco-systems-inc-csco-evp-and-cfo-kelly-a-kramer-sold-29-million-of-shares
Political cover was explained in details back in July. the moderators kept deleting her factual postings
Lower your expectations on society in general and things will seem much happier.
There is neither good nor bad. Stuff happens.
It was their plan all along.
Pandemic mishandling is the root cause.
The business model never addressed the shift to the cloud. It is doomed. Any crisis could just exacerbate the problem
Capitalism doesn't need a reason
Bit of both. Something else is brewing, and the fat trimming is necessary for the deal to close.