Software giant Cisco on Wednesday said it will lay off a chunk of its workforce in 2024 as its focus shifts to artificial intelligence. The company announced that to stay on the cutting edge, it will let 5% of the company go. According to Cisco‘s most recent annual report, the tech giant employs around 85,000 […]
SAN FRANCISCO — Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence. The mass layoffs announced Wednesday in […]
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