Major tech companies continue to slash jobs as they pivot toward artificial intelligence. Cisco announced cutting 4,000 positions (less than 5% of its workforce) despite record revenue of $15.8 billion. CEO Chuck Robbins stated the company is restructuring to focus on AI, saying: "The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment."
LinkedIn is eliminating 875 jobs (5% of its staff), not due to AI but to reorganize teams and focus on growing business areas. Revenue at LinkedIn grew 12% in the recent quarter.
Amazon announced potential layoffs affecting 16,000 roles in its Selling Partner Services team, following a regular review to align with goals.
These cuts add to thousands of job losses industry-wide as tech companies invest heavily in AI infrastructure.
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