People telling you they know the number are full of BS.
We know it’s between 10k and 20k from credible news reports. Beyond that it is pure speculation. Avoid the noise!
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I heard from an SE leader (not to be named since he signed an NDA) that the number will be between 10-12% so roughly between 8-10k people
Do the math 20K
So they are trimming close to $2 billion easily in personal cost.
You're assuming these numbers are right and that Cisco won't hire significantly in the next year or two. Cisco tends to grow back their "losses" and more, and that doesn't count what they spend on acquisitions, and they have a massive acquisition scheduled to close in under a year.
But I thought this economy was booming according to the MSM?
Poorly run legacy companies and tech companies that have saturated their markets are hitting the wall. These aren't the vast majority of the US economy which is deeply affected by the world economy. GDP growth is the highest in the G7 countries and inflation is the lowest in the G7 countries. We're still suffering the curse of full employment where too many people who can't do a give job were given that job because there was no one else to take it.
There's not a single credible news source that has given any number other than "thousands." Stop being a blowhard
So they are trimming close to $2 billion easily in personal cost.
But I thought this economy was booming according to the MSM?