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

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] herrcaptain@lemmy.ca 51 points 8 months ago (1 children)

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.dev 26 points 8 months ago (2 children)

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!"

[–] N0body@sh.itjust.works 14 points 8 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."

[–] ThePrivacyPolicy@lemmy.ca 6 points 8 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.

[–] BrianTheeBiscuiteer@lemmy.world 4 points 8 months 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".