Cisco to lay off more than 4,000 employees to focus on artificial intelligence

L4sBot@lemmy.worldmod to Technology@lemmy.world – 295 points – Cisco to lay off more than 4,000 employees to focus on artificial intelligence
nypost.com

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.

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"AI isn't good enough to replace workers yet, but it's good enough to convince CEOs it can."

AI isn't good enough to replace workers, but it could probably replace C-suite executives at astronomical savings to the company