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 […]