AnalysisBusiness
17 days ago
Meta, Cisco, Intuit lay off thousands amid massive AI spending
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Kimmonismus
@kimmonismus
Tech companies aren't hiding it anymore. Meta is laying off 8,000 people and spending $100 billion on AI data centers. Cisco's CEO called cutting 4,000 jobs "optimistically low." Intuit fired 3,000 workers to restructure around AI, then told the press it's "not about AI." Over
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17 days ago