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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 Espiritdescali to c/futurology

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[–] TranscendentalEmpire@lemm.ee 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.

[–] homesweethomeMrL@lemmy.world 4 points 4 months ago

This. Exactly this.

[–] Zexks@lemmy.world 0 points 4 months ago (1 children)

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

[–] TranscendentalEmpire@lemm.ee -1 points 4 months ago

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