Tech Company Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit
futurism.com
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.
    • ayyy@sh.itjust.worksEnglish
      1·
      29 days ago

      Cisco is like Boeing in that it’s a branch of the US government that inexplicably lets useless executives siphon off “profit”.