Cisco is reportedly planning to cut thousands of jobs as it shifts its focus towards growing its cybersecurity business and seizing opportunities in the AI market.
In response to declining revenues and profits, Cisco is taking steps to fortify its financials, including diversifying its offerings through acquisitions like Splunk and expanding into AI networking.
Cisco has been investing in partnerships and collaborations to market its Ethernet kit for enterprises deploying GPU clusters or engaging in AI inference and training, showcasing its efforts in AI networking.
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