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I'm not sure comparing a company with $28 billion Q3 revenue to .com bubble makes much sense.
by mrits 4y ago
I'm not sure comparing a company with $28 billion Q3 revenue to .com bubble makes much sense.
- marcus0x62 4y agoDuring the dot com bubble even companies with massive (for the time) revenue did huge layoffs. Cisco was probably the poster child for that.
- johnvanommen 4y agoI helped a friend move after she was laid off, a couple years after the dot com bubble popped. One of the eeriest things was seeing all those shiny new buildings in Silicon Valley, sitting empty. It was like 15% of the businesses just evaporated. It was a Cisco building in particular that I remember. I was over on that street recently and everything is occupied again, though many of the names have changed.
- marcus0x62 4y agoWhen I left Cisco in 2014, some of those buildings were still practically empty.