Tech Giant Cisco Lays Off 4,000+ Employees to Concentrate on AI
Networking giant Cisco will lay off more than 4,000 employees as it shifts focus and resources to developing AI capabilities. of new york post report Multinational technology conglomerate Cisco has announced plans to cut more than 4,000 jobs across its global workforce to direct resources to AI initiatives. The layoffs will represent about 5% of […]
Cisco to lay off 4,000 to focus on AI technology
Information technology and software maker Cisco has announced plans to cut about 4,250 employees to focus on artificial intelligence. The layoffs will represent about 5% of the company’s approximately 85,000 employees worldwide, and will cost the company $800 million before taxes in severance and benefits payments to departing employees. CEO Chuck Robbins told investors that […]
Cisco to lay off more than 4,000 employees to focus on AI
Cisco has revealed plans to reduce its workforce by 5% to increase its focus on artificial intelligence. The technology giant has approximately 4,250 employees worldwide. San Jose, Calif.-based Cisco said the layoffs will cost the company about $800 million in pre-tax losses related to severance and benefits, and will increase the company’s investment in high-growth […]
Stocks making the biggest moves premarket: Deere, Cisco, Arm, Super Micro and more – CNBC
Check out the companies that are trending in pre-market trading. Twilio – Shares fell nearly 11% after the consumer engagement company announced lower-than-expected earnings guidance for the current quarter. Twilio also reported total active consumers for the quarter, which was lower than Wall Street expectations. Cisco – Shares fell 4.4% after the technology company posted […]