Tech Company Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit
Pink Slip Season 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 into AI and other areas in its business, according to SFGATE. It joins other companies like Microsoft and Inuit, the maker of TurboTax, which have used AI as justification […]
Link :
https://futurism.com/the-byte/cisco-layoff-ai-profit
