this post was submitted on 15 Aug 2024
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Cisco slashes thousands of staff, 7% of entire workforce, pivots into AI (www.theregister.com)
submitted 2 years ago by Alphane_Moon@lemmy.world to c/business@lemmy.world
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[โ€“] psvrh@lemmy.ca 2 points 2 years ago (1 children)

Cloud cut a lot of datacentre spend, which was Cisco's bread and butter, and the cloud providers and big datacentres generally don't make Cisco as much money.

[โ€“] RestrictedAccount@lemmy.world 1 points 2 years ago

Thanks. This makes sense.