AI News
Cisco cuts nearly 4,000 jobs to redirect spending toward AI and cybersecurity
Cisco Systems announced Wednesday that it is eliminating fewer than 4,000 positions, representing roughly 5% of its workforce, even as the company reported better-than-expected profit and revenue for its fiscal third quarter. The networking equipment maker framed the cuts as a strategic shift in its cost structure to prioritize investments in artificial intelligence and cybersecurity. […]
