Cisco Systems has recently made headlines with its announcement of a 7% layoff, marking the second round of job cuts this year. The move comes alongside a strategic shift towards artificial intelligence (AI) and cybersecurity, sectors that Cisco hopes will secure its future in an increasingly competitive tech landscape. Following the announcement, Cisco’s stock surged by 5% in after-hours trading, a clear indication that investors are betting on this new direction. But is the optimism well-placed?
The Layoff Dilemma: Restructuring or Red Flag?
Cisco’s decision to lay off 7% of its workforce—approximately 6,000 employees—is part of a broader restructuring initiative aimed at reallocating resources towards AI and cybersecurity. This is not the first time Cisco has resorted to j
Will Cisco’s Bold Pivot to AI Save the Day Amid Layoffs and Cybersecurity Challenges?
- By Алина
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Cisco’s strategic pivot towards AI and cybersecurity amid significant layoffs could redefine its future, but challenges in monetizing these new ventures remain.
