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Cisco to lay off more than 4,000 employees to focus on artificial intelligence (nypost.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] normalexit@lemmy.world 5 points 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.