Cisco To Cut Almost 4,000 Jobs In AI-Driven Restructuring
Cisco’s stock soared 17% after the company announced it will cut nearly 4,000 jobs as it shifts investment and staffing toward higher-growth AI opportunities. CNBC reports: CEO Chuck Robbins wrote in a blog post on Wednesday that the latest round of job cuts will begin on May 14. Cisco is the latest company to announce head count reductions tied to AI. “The companies … ⌘ Read more