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Cisco slashes thousands of staff, 7% of entire workforce, pivots into AI (www.theregister.com)
submitted 3 months ago by Alphane_Moon@lemmy.world to c/business@lemmy.world
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[-] RestrictedAccount@lemmy.world 2 points 3 months ago

Thank you for the reply. I am about to disagree with you, but I appreciate the response.

All of these reasons make sense, and I take them as true. However they reinforce my point that the fact people are doing cloud computing is not causing this reduction.

[-] psvrh@lemmy.ca 2 points 3 months ago

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.

[-] RestrictedAccount@lemmy.world 1 points 3 months ago

Thanks. This makes sense.

this post was submitted on 15 Aug 2024
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