Cisco, LinkedIn to cut thousands of jobs in latest tech layoffs

SAN FRANCISCO (KRON)– Two of the biggest names in tech are planning thousands of job cuts between them.

Cisco, in a memo to employees Wednesday, announced it would be cutting around 4,000 jobs as part of a shift in focus toward artificial intelligence.

“The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest,” Cisco CEO Chuck Robbins said in the memo. “I’m confident Cisco will be one of those winners. This means making hard decisions — about where we invest, how we’re organized, and how our cost structure reflects the opportunity in front of us.”

“With this, we are making changes today that will result in the reduction of our overall........

© The Hill