Cisco revealed plans to slash its headcount by 5% — roughly 4,250 employees across the tech behemoth’s global workforce — as it steps up its focus on artificial intelligence. San …

Cisco to lay off more than 4,000 employees to focus on artificial intelligence::Cisco revealed plans to slash its headcount by 5% on Wednesday, which will affect roughly 4,250 employees across the tech behemoth’s global workforce.

  • normalexit@lemmy.worldEnglish
    5·
    9 months ago

    Their stocks are going up with every layoff and costs are going down. It’s working marvelously for the executives.

    Is it sustainable? God I hope not.