Columbus, OH

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Golden Gate Media

Cisco Systems announced Wednesday that it will lay off 7% of its workforce, marking the second round of significant job cuts for the San Jose-based tech giant this year. The move, detailed in a filing with the Securities and Exchange Commission, is expected to impact at least 5,500 employees, following the company’s previous reduction of around 4,000 jobs in February.

California tech giant to slash 7% of its workforce impacting thousands of workers

San Jose, CA

CBS San Francisco

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity.The company based in San Jose, California, did not specify the number of jobs it is cutting. It had 84,900 employees as of July 2023. Based on that figure, the number of jobs cut would be about 5,900. In February, Cisco announced it would cut about 4,000 jobs. The networking equipment maker said in June that it would invest $1 billion in tech...

Cisco cutting 7% of workforce as it shifts focus to AI, cybersecurity

Reuters

(Reuters) - Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high-growth areas such as AI and cybersecurity.

Cisco sees recovery in equipment demand, cuts 7% jobs globally

Thousands of Cisco employees will be affected by a new layoff round, which could be announced next week, according to a Reuters report. Cisco will reportedly lay off around 4,000 employees in its second round of job cuts this year as the world’s largest networking company doubles down on artificial intelligence.

Cisco To Lay Off Around 4,000 Employees: Report

Business Times

A growing number of U.S. states are grappling with a significant surge in COVID-19 infections, as revealed by the latest wastewater data from the Centers for Disease Control and Prevention (CDC). Currently, 27 states are experiencing "very high" levels of viral activity, while 17 others are reporting "high" levels. The western region of the country is particularly hard-hit, followed closely by the South, Midwest, and Northeast, highlighting a worrying trend of escalating virus transmission nationwide.

COVID-19 Surges Across U.S. with ‘Very High’ Levels Reported in Majority of States

These growing companies could multiply your money over the next decade. Artificial intelligence (AI) is estimated to add trillions in value to the global economy through cost savings and productivity gains in the coming years. The returns for investors could be very lucrative, if you own the right stocks. While...

2 AI stocks to Buy Now With $200

Starbucks announced on Tuesday the immediate replacement of CEO Laxman Narasimhan with Brian Niccol, the current CEO of Chipotle Mexican Grill. This bold move comes as the coffee giant grapples with declining sales and growing pressure from activist investors, marking a significant shift in strategy as it seeks to reclaim its footing in a challenging market environment.

Starbucks Ousts CEO Laxman Narasimhan, Replaces Him with Chipotle’s Brian Niccol in Bold Move to Reverse Declining Sales

24/7 Wall St.

Big Data is big business. According to platform provider Edge Delta, the market for data services is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028 — an increase of 82.2%. Palantir Technologies Inc. (NYSE: PLTR) is a major player in the space. The company was co-founded by entrepreneur and venture capitalist […]
The post Palantir Technologies (PLTR) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..

Palantir Technologies (PLTR) Price Prediction and Forecast 2025-2030

Japanese Prime Minister Fumio Kishida has announced his decision to step down next month, a move that has sent ripples through Japan's political landscape and sparked widespread speculation about the future of the nation's leadership. Kishida's decision comes as Japan navigates a series of economic and political challenges, including a weakening yen, growing public dissatisfaction, and internal party disputes. His resignation marks the end of a tumultuous tenure, raising questions about the direction of one of Asia's most pivotal democracies.

Japanese Prime Minister Fumio Kishida to Resign Amid Political Turmoil and Economic Challenges

Palantir just reported another stellar quarter of robust growth that validates its long-term opportunity. Microsoft is enjoying momentum as it rolls out Copilot and other AI services across its business. These stocks can help you cash in on this burgeoning new industry. The adoption of artificial intelligence (AI) promises to...

2 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade

SoftBank's ambitious plan to develop a cutting-edge artificial intelligence (AI) chip in collaboration with Intel has collapsed, marking a significant setback in the Japanese tech giant's efforts to challenge Nvidia's dominance in the AI chip market. The Financial Times first reported that the partnership faltered after Intel struggled to meet SoftBank's stringent requirements for production volume and speed, leading SoftBank to shift its focus to Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker.

SoftBank Scraps Intel Deal for AI Chip Development, Eyes TSMC as New Partner - Report

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Nvidia is dominating the AI revolution thanks to its GPU, data center, and software businesses. Outside of its core platforms, Nvidia has made a number of strategic AI investments to help open up new opportunities. Despite a meteoric rise in share price over the last year, the company's valuation multiples...

A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Stock Set to Soar 77%, According to 1 Wall Street Analyst

Mars, the family-owned conglomerate known for its iconic brands like M&M's and Snickers, has announced its acquisition of Kellanova, the maker of Cheez-It and Pringles, for a staggering $36 billion.

Mars to Acquire Cheez-It Maker Kellanova in $36 Billion Mega-Deal, Expanding Snack Empire with Cheez-It and Pringles

NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

California State

WashingtonExaminer

Paramount is making deep cuts to its workforce starting Tuesday as the Hollywood entertainment titan looks to slash costs.  Paramount co-CEOs Chris McCarthy, Brian Robbins, and George Cheeks made the announcement in a memo to employees, stating that the layoffs will occur in three phases. A total of nearly 2,000 jobs, 15% of Paramount’s workforce, is […]

Californian titan to cut 15% of workforce amid $500 billion budget slash

New York Post

Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.

The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company’s fourth-quarter results, said the sources, who were not authorized to speak publicly.

Reuters exclusively reported the job cuts that San Jose, California-based Cisco announced in February, prior to the company announcing it.



Stellantis to cut nearly 2.5K union workers as Ram...

Cisco axing thousands of jobs in second round of layoffs amid shift to AI: report

Before The story is about what Warren Buffett's Berkshire Hathaway (BRK) has been selling and how the company has been raising cash, but how about what Buffet is buying?. Berkshire Hathaway's recent quarterly earnings report showed that the company has raised the most cash it had ever In a sign that Warren Buffett expects a market volatility over the next 6 to 12 months.

Three Stocks: Cisco Systems, Kellanova, and Sirius XM Holdings

Las Vegas, NV

Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

Ukrainian forces have made substantial advances into Russian territory, capturing nearly 390 square miles in the Kursk region. This surprising offensive marks a dramatic shift in strategy for Kyiv and has dealt a considerable blow to Russian President Vladimir Putin, who has vowed a "worthy response" to the incursion.

Zelensky Declares War ‘Coming Home’ to Russia as Ukrainian Forces Capture Key Russian Region

NewsBreak

Cisco to Slash 7% of Global Workforce to Focus on AI and Cybersecurity

Cisco Systems Inc., a leading technology conglomerate, announced a significant restructuring plan on...

Cisco to Slash 7% of Global Workforce to Focus on AI and Cybersecurity

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