Cisco revealed plans to slash its headcount by 5% — roughly 4,250 employees across the tech behemoth’s global workforce — as it steps up its focus on artificial intelligence. San …

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.

  • sonymegadrive@feddit.ukEnglish
    0·
    9 months ago

    Has “laying off staff to focus on AI “ become a common euphemism for “we hired too many people”?

    • realitista@lemmy.worldEnglish
      0·
      9 months ago

      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”