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.

  • herrcaptain@lemmy.caEnglish
    31·
    1 year ago

    With all these companies pivoting to the creation of AI products, this seems like a great opportunity for someone to step in and create … Checks notes … absolutely anything else.

    • MajorHavoc@programming.devEnglish
      15·
      1 year ago

      I can’t wait to watch these companies all get their marketshare eaten by “ToddCo”, a company where a guy named Todd figures out that be can poach Starbucks employees and get better results than these AI deliver.

      The sixty minutes interview is going to be epic:

      “Then it struck me! Sure, James writes my name wrong on my cup every day, but he’s never once misjudged how many limbs I have!”

      • BrianTheeBiscuiteer@lemmy.worldEnglish
        2·
        1 year ago

        poach Starbucks employees and get better results than these AI deliver.

        Newsflash: Starbucks coffee already isn’t that great. Then they’ll take the savings from firing all the baristas and buy out “ToddCo”.

  • Shadow@lemmy.caEnglish
    18·
    1 year ago

    Really kind of them to let their investors know first, rather than the people impacted. I bet morale there is wonderful.

    • normalexit@lemmy.worldEnglish
      3·
      1 year ago

      One of my friends is a developer there, they knew vaguely it was going to happen after a town hall meeting, but didn’t know who was going to make the cut.

  • 8ender@lemmy.worldEnglish
    17·
    1 year ago

    I feel like the smart move is to find AI tools that are actually good and help your workers be more productive, then use all that extra productivity to smoke your competitors but what do I know I’ve only been in management 15 years now.

  • MajorHavoc@programming.devEnglish
    183·
    1 year ago

    AI is going to be awesome, and I am so down for it.

    But today, the emperor has no clothes.

    Butt naked.

    Not a fucking scrap of clothing is on that guy.

    Good luck Cisco, you’re going to need it.

  • danielfgom@lemmy.worldEnglish
    131·
    1 year ago

    Another idiot company who seriously thinks this will work. All that will happen is the remaining employees will have to work twice as hard to keep things afloat but the CEO will give Ai the credit…