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SAN JOSE, Calif. – Hundreds of Cisco Systems employees will be laid off as the company shifts focus to artificial intelligence and cybersecurity.
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Newly released state documents show that the technology company will cut 563 jobs at its San Jose headquarters, 145 in its Milpitas office, and 134 in San Francisco.
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In August, Cisco announced plans to lay off 7% of its global workforce, concentrating on faster-growing technology sectors such as AI and cybersecurity.
The networking equipment maker said in June that it would invest $1 billion in tech startups like Cohere, Mistral, and Scale to develop reliable AI products. It recently also announced a partnership with Nvidia to develop infrastructure for AI systems.