Archive: https://archive.today/s8umL
From the post:
>Cisco announced another wave of mass layoffs on Wednesday, even as the Bay Area tech giant brings in record revenue and billions of dollars in profit.
According to a memo from CEO Chuck Robbins that was published on Wednesday, the company is slashing “fewer than 4,000 jobs,” which amounts to less than 5% of its workforce. Employees will be notified starting Thursday, Robbins said, and the company will assist laid-off employees in “finding new opportunities.”
Though the company reported a record revenue of $15.8 billion in its latest third quarter report, Robbins said it is shifting more of its investments toward artificial intelligence.
Archive: https://archive.today/s8umL
From the post:
>>Cisco announced another wave of mass layoffs on Wednesday, even as the Bay Area tech giant brings in record revenue and billions of dollars in profit.
According to a memo from CEO Chuck Robbins that was published on Wednesday, the company is slashing “fewer than 4,000 jobs,” which amounts to less than 5% of its workforce. Employees will be notified starting Thursday, Robbins said, and the company will assist laid-off employees in “finding new opportunities.”
Though the company reported a record revenue of $15.8 billion in its latest third quarter report, Robbins said it is shifting more of its investments toward artificial intelligence.