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

submitted 7 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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[-] sonymegadrive@feddit.uk 8 points 7 months ago

Has “laying off staff to focus on AI “ become a common euphemism for “we hired too many people”?

[-] realitista@lemmy.world 5 points 7 months ago

No, it's a euphemism for "screw the people who are left, we need a quick reduction in our cost structure so that we can take bigger bonuses"

this post was submitted on 16 Feb 2024

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