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  • The Independent

    Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech

    by Michael Liedtke Feb 14, 2024 2 minutes
    Source: 2012 AP

    Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence.

    The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5%

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