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Cisco Systems announced cutting roughly 4,000 jobs, less than 5% of its total workforce.
Cisco is cutting about 4,000 jobs despite reporting record quarterly revenue of $15.8 billion.
KEY POINTS
- Cisco's layoffs are directly tied to restructuring for AI adoption and shifting investment to AI-related areas.
- LinkedIn will lay off nearly 5% of its workforce, about 875 employees, as part of team reorganization.
- LinkedIn's layoffs are unrelated to AI and come even as its revenue grew 12% last quarter.
- Amazon's January layoffs are focused on its Selling Partner Services team, with up to 16,000 jobs affected.
COMPANIES
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