Cisco Cuts Thousands of Jobs Amid AI Pivot
Cisco is cutting thousands of jobs as it pivots its business to focus on artificial intelligence. Cisco Systems is laying off thousands of employees as part of a strategic pivot towards artificial intelligence. The company's shares surged following strong earnings reports. The company's shares rose more than 16% following the news. This news comes as Cisco shares rise on the US market, according to KNX Los Angeles. Cisco's stock rose on the US market amidst discussions of its AI pivot and job cuts. Software giant Cisco announced it is cutting approximately 4,000 jobs as part of a restructuring.
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Sources · 7 independent
WBBM Newsradio 780
“Cisco is also cutting thousands of jobs as it pivots to artificial intelligence.”
NBC News Radio
“and Cisco. Rose more than 16% after the news. CEO Chuck Robbins.”
KNX Los Angeles
“Cisco Rises on US Market”
Bloomberg Radio
“Cisco cuts thousands of jobs”
NBC News Radio
“Cisco cuts thousands of jobs”
WBAL Baltimore
“Cisco cuts thousands of jobs”
KNX Los Angeles
“Cisco cuts thousands of jobs”
Shonan Beach FM
“Cisco cuts thousands of jobs”
Bloomberg Radio
“Cisco is cutting thousands of jobs as it pivots to AI.”
NBC News Radio
“Cisco is cutting about 4,000 jobs the software giant said yesterday that the cuts are part of restructuring as the company shifts its focus towards artificial intelligence.”
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