@[email protected]M to

[email protected]English • 30 days 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

@[email protected]M to

[email protected]English • 30 days 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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1•29 days ago
Cisco is like Boeing in that it’s a branch of the US government that inexplicably lets useless executives siphon off “profit”.