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

Technology@lemmy.world – 295 points – 5 months ago

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, but it could probably replace C-suite executives at astronomical savings to the company

One of the truest things I know about AI is: "we're nowhere near a place where bots can steal your job, we're certainly at the point where your boss can be suckered into firing you and replacing you with a bot that fails at doing your job"

https://pluralistic.net/2024/01/11/robots-stole-my-jerb/#computer-says-no

i hope they rightfully lose a lot of money over this