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Cisco to lay off more than 4,000 employees to focus on artificial intelligence (nypost.com)

submitted 9 months ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 14 points 9 months ago (1 children)

"Our company is invested in the dynamic strategy of using people to solve problems. Person Intelligence or PI, as we call it. We know our strategy is out of favor now, but given that it has worked consistently throughout all of human history, we are hopeful for the future."

[–] [email protected] 6 points 9 months ago

Like all the companies I've worked for that have off-shored work, and then later brought it back on shore after realizing the horrible quality work and drop in delivery times their attempts to save money resulted in.