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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.
@zackwhittaker it looks like you're making the case for redistribution of wealth, would you like some help with that? -- clippy
@zackwhittaker could’ve paid a lot of those 4000 people real wages, instead they threw it away on the CEO
@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 and 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.
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