Cisco Networks laying off 5% of their work force

Can this be blamed on AI?

Photo by Rob Curran on Unsplash

$800 Million in severance

Cisco currently has over 85000 employees world wide, and this layoff will be a little over 5000 of those employees.

The estimated, pretax severence payoffs is $800 Million. That’s a huge amount for you and me to imagine, but last year they did over 12 Billion in…