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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Has “laying off staff to focus on AI “ become a common euphemism for “we hired too many people”?
No, it's a euphemism for "screw the people who are left, we need a quick reduction in our cost structure so that we can take bigger bonuses"
I mean, I'm all for reducing cost and optimizing efficiency. We've been doing that in every industry since the dawn of time. Coal miners hopefully don't exist in a decade from now.
But it's stupid to think AI is already there for most things, and it's bad to lay off people who could easily be working on things AI can't.