Espiritdescali@futurology.todayM to

Futurology@futurology.todayEnglish · 3 months ago

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

70

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

Espiritdescali@futurology.todayM to

Futurology@futurology.todayEnglish · 3 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.

Chat

friend_of_satan@lemmy.world
link
fedilink
English
arrow-up
4·
3 months ago
It looks like https://layoffs.fyi/ is still doing a great job tracking these things.