TechCrunch
US · 2 hrs ago
✦ 78◉ Centre
Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’
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Credibility 78/100
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Cisco is cutting nearly 4,000 jobs to redirect investment toward AI development while reporting record quarterly revenue. This is the latest in a series of layoffs for the company despite strong financial performance.
Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’
This is Cisco's latest layoff in recent years, while the company's chief executive touts record revenue and growth.
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