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FuturologyEnglish · 4 months ago

Cisco Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit

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Cisco Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit

EspiritdescaliMA to

FuturologyEnglish · 4 months ago

Tech Company Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit

Cisco posted $10.3 billion in profits last year but is still laying off 5,500 workers as part of an effort to invest more in AI.

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friend_of_satan@lemmy.world
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4 months ago
It looks like https://layoffs.fyi/ is still doing a great job tracking these things.