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Cisco Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit (futurism.com)
submitted 2 months ago by Espiritdescali@futurology.today to c/futurology@futurology.today
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[-] TranscendentalEmpire@lemm.ee 9 points 2 months ago

This isn't exactly "replacing" anyone with AI, they're just utilizing AI as an excuse to move money around while reassuring their investors. More than likely just a way to outsource jobs overseas and give management a raise.

[-] homesweethomeMrL@lemmy.world 4 points 2 months ago

This. Exactly this.

[-] Zexks@lemmy.world 0 points 2 months ago

Do those people still have jobs at this company. Yes or no.

[-] TranscendentalEmpire@lemm.ee -1 points 2 months ago

Lol, that's a false dichotomy. The original claim was that AI would "replace jobs".

this post was submitted on 19 Aug 2024
253 points (99.2% liked)

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