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EspiritdescaliMA to FuturologyEnglish · 9 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

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EspiritdescaliMA to FuturologyEnglish · 9 months ago
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Tech Company Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit
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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.
  • Zexks@lemmy.world
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    9 months ago

    Do those people still have jobs at this company. Yes or no.

    • TranscendentalEmpire@lemm.ee
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      9 months ago

      Lol, that’s a false dichotomy. The original claim was that AI would “replace jobs”.

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