Hit the nail right on the head. So much more can be added as well
Operations and Strategy Leader | Process Improvement expert | Growth and GTM | Medical Device | M&A Leader | Healthcare IT | Continuous Improvement Expert | Supporter of Good Humans |
Cisco announced 10.3 billion in PROFIT and 7% reduction in force. Around 6000 people losing jobs. Earlier this year they laid off 4000 people. And 10 billion in profit? Yes it’s shareholder greed. Yes, it’s what Copprate America is. Yes, that’s life. Layoffs are a part of the world. Yes, they need to remain competitive and restructure in the face of AI and other things But we can still acknowlege this is awful. And no working for yourself isn’t the answer to change the corporate world. When I was laid off, I felt so sorry for those laid off, knowing what they were about to face, and even more fear for myself as thousands more talented jobseekers joined me in a tough market. We need to support laid off workers, make the process of interviewing easy, and stop celebrating billions in profit while causing chaos for thousands of people and their families Be a good human