Cisco cuts thousands of jobs, 7% of workforce, in favour of AI

SAN JOSE, California: Cisco Systems is set to lay off seven percent of its workforce, marking its second round of job cuts this year as it pivots towards high-growth sectors like artificial intelligence and cybersecurity.

The San Jose-based tech giant did not disclose the exact number of positions being cut. However, with a workforce of approximately 84,900 employees as of July 2023, the layoffs are estimated to