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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 11 months ago by Espiritdescali to c/futurology

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[–] TranscendentalEmpire@lemm.ee 9 points 11 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 11 months ago

This. Exactly this.

[–] Zexks@lemmy.world 0 points 11 months ago (1 children)

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

[–] TranscendentalEmpire@lemm.ee -1 points 11 months ago

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