Cisco's Expanded Partnership With Nvidia Overshadowed By The "Price" It Has To Pay For Its AI And Cybersecurity Shift
Cisco Systems Inc (NASDAQ: CSCO) joined Alphabet (NASDAQ: GOOG), Amazon.com Inc (NASDAQ: AMZN),Microsoft Corporation (NASDAQ: MSFT) in entering 2024 with job cuts as it announced it will be decreasing its workforce by 5% which implies eliminating about 4,250 jobs. Although Cisco reported it expanded its AI deployment and management partnership with Nvidia Corporation (NASDAQ: NVDA) earlier in February, its good news were dimmed by a light forecast, both for the current quarter and the full year.
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Source: yahoo.com