FirmDistribution@lemmy.world to Technology@lemmy.worldEnglish · 9 days agoCisco announces record revenue and 4,000 layoffs in the same dayarstechnica.comexternal-linkmessage-square130linkfedilinkarrow-up1851arrow-down15
arrow-up1846arrow-down1external-linkCisco announces record revenue and 4,000 layoffs in the same dayarstechnica.comFirmDistribution@lemmy.world to Technology@lemmy.worldEnglish · 9 days agomessage-square130linkfedilink
minus-squareTriumph@fedia.iolinkfedilinkarrow-up12arrow-down1·9 days 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.
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.