CISCO CUTS THOUSANDS OF JOBS, 7% OF WORKFORCE, AS IT SHIFTS FOCUS TO AI, CYBERSECURITY
AppleMagazine|August 23, 2024
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity.
CISCO CUTS THOUSANDS OF JOBS, 7% OF WORKFORCE, AS IT SHIFTS FOCUS TO AI, CYBERSECURITY

The company based in San Jose, California, did not specify the number of jobs it is cutting. It had 84,900 employees as of July 2023. Based on that figure, the number of jobs cut would be about 5,900. In February, Cisco announced it would cut about 4,000 jobs.

The networking equipment maker said in June that it would invest $1 billion in tech startups like Cohere, Mistral and Scale to develop reliable AI products. It recently also announced a partnership with Nvidia to develop infrastructure for AI systems.

هذه القصة مأخوذة من طبعة August 23, 2024 من AppleMagazine.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 23, 2024 من AppleMagazine.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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