Thread regarding Cisco Systems Inc. layoffs

Inflation

Let me get this straight. Inflation is so bad that we need to increase our prices double digits again, just months after the previous increase. But there’s no need to increase salaries. How does that make sense?

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Post ID: @OP+1eqYbGIz

9 replies (most recent on top)

Re the Question: “ Has ur salary followed the same route?” The answer is yes, but only because I left. After the Covid no-raise year (so, essentially 2 years without an increase) they gave me 3.5%. That was the tipping point. And yes the increase covered the 20% increase in chicken (and a lot of other things).

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Post ID: @5oik+1eqYbGIz

Re the Question: “ Has ur salary followed the same route?” The answer is yes, but only because I left. After the Covid no-raise year (so, essentially 2 years without an increase) they gave me 3.5%. That was the tipping point. And yes the increase covered the 20% increase in chicken (and a lot of other things).

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Post ID: @5cqa+1eqYbGIz

It's called Indentured IT Servitude.

The Serfs work the IT infrastructure.

The Executives reap the stock options.

Know Your Place. No RSUs for You.

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Post ID: @1ozv+1eqYbGIz

That's so socialist of you to expect your employer to adjust your pay based on things very largely outside of its control.

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Post ID: @1ktk+1eqYbGIz

Blame helicopter money being handed out like candies by them DemoRats. I miss the Orange man. Hope he's back in '24.

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Post ID: @1gxd+1eqYbGIz

The million/billion dollar question is - when will we LOWER prices when the supply chain gets back to 'normal'?

Forget it, the answer is NEVER.

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Post ID: @1lrd+1eqYbGIz

Inflation isn’t driving up pricing. It’s rising demand and static supply. Simple microeconomics.

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Post ID: @1jej+1eqYbGIz

U jump ship like rest of us did. A house that cost 750 in bay area 3 years back is 1.1 million. A pound of chicken has increased by 20%. Has ur salary followed the same route?

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Post ID: @1cdb+1eqYbGIz

In the end I don't think revenue will increase. Customers are going to start cancelling orders due to huge lead times and higher prices. The ones that keep their orders booked will pay the price increase. So it will balance out to be the same or maybe even less revenue - depending on how many orders (now and future) get cancelled.

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Post ID: @uum+1eqYbGIz

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