Zack Whittaker

In a Wednesday blog post, Cisco CEO Chuck Robbins announced layoffs of 4,000 employees (5% staff) so that the company can spend more on AI and cybersecurity. He also touted Cisco's "record revenue" and "double-digit growth."

Robbins' total executive compensation is ~$52 million for 2025.

https://techcrunch.com/2026/05/14/cisco-cuts-nearly-4000-jobs-to-spend-more-on-ai-reports-record-quarterly-revenue/

Cisco cuts nearly 4,000 jobs to spend more on AI, reports 'record quarterly revenue' | TechCrunch

This is Cisco's latest layoff in recent years, while the company's chief executive touts record revenue and growth.

TechCrunch
May 14 at 2:11pmWeb
Show threadGeorge Liquor, American3d ago
@zackwhittaker Just one head on a pike would snap most of these motherfuckers out of it
Show threadAnnelies3d ago
@liquor_american @samiamsam @zackwhittaker that head was the United healthcare CEO - we're going to need more pikes
Show threadGeorge Liquor, American3d ago
@akamran @samiamsam @zackwhittaker Nope, there was no pike in that case.
Show threadQuasit3d ago

@zackwhittaker

So thoughtful of the capitalists to kill themselves off for us...

Show threadGondor3d ago

@zackwhittaker
Don't know if i recall this correctly.

I read somewhere Musk, and it's very likely others already too, has started to massproduce androids in a converted Tesla factory.

If someone could confirm such an "information" i'd theorise those pushes for android developments combined with the insane spending to build datacenters would somehow make sense.

It's an arms race. A race for power relying on predictable tec instead of human capital.

Show threadI_give_u_worms3d ago
@zackwhittaker it looks like you're making the case for redistribution of wealth, would you like some help with that? -- billion dollar clippy 2.0
Show threadJackMex3d ago
@zackwhittaker
#FatCats
Show threadEric Lawton3d ago

@zackwhittaker

Tech execs 10 years ago: our employees are our greatest asset!

Tech execs today: our employees are our greatest liability!