Tim Paradis reports:
It appears other companies got the memo. In May, Cisco reported record revenue for its fiscal third quarter and said it would cut nearly 5% of its workforce. In announcing the reductions, CEO Chuck Robbins said the firms that will win in the AI era are those with the discipline to "continuously shift investment" toward areas with the greatest long-term potential.
Rather than waiting for certainty, many firms are making waves of job cuts as they figure out how AI will reshape their businesses.
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