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[email protected]English • 5 months 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 • 5 months 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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9•5 months ago
It’s not replacing anyone. It’s just an excuse for the usual capitalistic bullshit that they would be doing anyway.
- @Zexks
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  0•5 months ago
  So you’re saying those people are NOT getting fired. They are NOT losing their jobs.
  - @calcopiritus
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    0•5 months ago
    They are. Just not because of AI.