Some of America’s biggest companies are cutting jobs by the 1000s in latest round of tech layoffs
Cisco said the cuts are part of a broader restructuring as companies redirect resources toward artificial intelligence.
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4 Articles
Some of America’s biggest companies are cutting jobs by the 1000s in latest round of tech layoffs
Tech giants continue staff reductions as they embrace artificial intelligence. On Wednesday, April 13, Cisco Systems announced cutting roughly 4,000 jobs—less than 5% of its total workforce—alongside record revenue of $15.8 billion. Cisco told employees in an email that the…
Cisco has announced the reduction of around 4000 jobs. The company is taking the step of restructuring in favour of artificial intelligence. The aim is to invest new investments in AI and related areas with great growth potential.
Chuck Robbins posted an internal message. The beginning looked like a victory speech. A 12% increase in turnover! We couldn't be more proud of the growth that you all brought to Cisco. Then, a few paragraphs below, we learn that 4,000 people will lose their [...]
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