Cisco revealed plans to slash its headcount by 5% — roughly 4,250 employees across the tech behemoth’s global workforce — as it steps up its focus on artificial intelligence. San …

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.

  • dylanTheDeveloper@lemmy.worldEnglish
    12·
    10 months ago

    They’ll be fine for a time until competition emerges and their products become obsolete.

    And thus the cycle begins again

    • sebinspace@lemmy.worldEnglish
      61·
      10 months ago

      I’m not really sure Cisco would fall even if the company fell. Cisco isn’t just a company that makes networking equipment, they’ve been influencing the architecture and paradigms behind the Internet for so long that their influence would be felt for years, even if they were to disappear today…