Tech: Cisco plans to eliminate approximately 4,000 jobs as part of a restructuring effort focused on artificial intelligence initiatives.
🚨 Big changes at Cisco! The tech giant announced layoffs affecting fewer than 4,000 employees, which is under 5% of its workforce. This restructuring aims to prioritize investments in AI, fiber optics, and security. Despite this, Cisco's quarterly results exceeded expectations, and they raised their sales forecast thanks to growing AI demand. Read more: [link] #Cisco #TechNews #AI
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