Cisco's Second Job Cut This Year Amid AI Developments

Sunday, 11 August 2024, 23:24

Amidst AI developments, Cisco is set to lay off thousands of employees in its second job cut this year. This layoff could affect a similar number to the 4,000 employees laid off in February 2023. As the tech giant shifts its focus towards artificial intelligence, the future of its workforce remains uncertain.

Ndtv — Cisco's Second Job Cut This Year Amid AI Developments

Cisco's Ongoing Transition and Job Cuts

Amidst an aggressive AI push, Cisco's management has decided to implement further job cuts, signaling potential upheaval within the organization. Following a reduction of 4,000 roles earlier this year, this latest round of layoffs may affect a similar number of employees as they continue to streamline operations.

Impact on Workforce and Strategies

This could impact Cisco's nearly 85,000 strong workforce.
The driving force behind these cuts is the company's strategic focus on artificial intelligence technologies.
As industries evolve, companies often find it necessary to adjust their workforce accordingly.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Cisco's Ongoing Transition and Job Cuts

Impact on Workforce and Strategies

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