FirmDistribution@lemmy.world to Technology@lemmy.worldEnglish · 9 hours agoCisco announces record revenue and 4,000 layoffs in the same dayarstechnica.comexternal-linkmessage-square51fedilinkarrow-up1422arrow-down12
arrow-up1420arrow-down1external-linkCisco announces record revenue and 4,000 layoffs in the same dayarstechnica.comFirmDistribution@lemmy.world to Technology@lemmy.worldEnglish · 9 hours agomessage-square51fedilink
minus-squarefelixwhynot@lemmy.worldlinkfedilinkEnglisharrow-up2·8 hours agoI suppose the implied question is, “why are they firing people when making record revenue?”
minus-squareTriumph@fedia.iolinkfedilinkarrow-up10arrow-down1·8 hours agoRevenue is income before expenses. Profit is what’s left over after expenses. Revenue can increase, but if expenses increase even more, profit declines. That’s why relating revenue to layoffs is apples and oranges.
I suppose the implied question is, “why are they firing people when making record revenue?”
Revenue is income before expenses. Profit is what’s left over after expenses. Revenue can increase, but if expenses increase even more, profit declines.
That’s why relating revenue to layoffs is apples and oranges.