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Cisco Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit (futurism.com)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 9 points 4 months ago (2 children)

This isn't exactly "replacing" anyone with AI, they're just utilizing AI as an excuse to move money around while reassuring their investors. More than likely just a way to outsource jobs overseas and give management a raise.

[–] [email protected] 4 points 4 months ago

This. Exactly this.

[–] [email protected] 0 points 4 months ago (1 children)

Do those people still have jobs at this company. Yes or no.

[–] [email protected] -1 points 4 months ago

Lol, that's a false dichotomy. The original claim was that AI would "replace jobs".