[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"nav-categories":3,"article-tech-company-lays-off-5-500-workers-to-invest-more-in-ai-despite-making-10-3-billion-in-profit":70},{"data":4},[5,37,57,64],{"name":6,"slug":7,"categories":8},"Productivity","productivity",[9,13,17,21,25,29,33],{"id":10,"title":11,"slug":12},17,"Branding","branding",{"id":14,"title":15,"slug":16},19,"Marketing","marketing",{"id":18,"title":19,"slug":20},20,"Work","work",{"id":22,"title":23,"slug":24},34,"Community","community",{"id":26,"title":27,"slug":28},21,"For newbies","for-newbies",{"id":30,"title":31,"slug":32},24,"Investment","investment",{"id":34,"title":35,"slug":36},22,"Finance","finance",{"name":38,"slug":39,"categories":40},"Tech","tech",[41,45,49,53],{"id":42,"title":43,"slug":44},28,"Technology","technology",{"id":46,"title":47,"slug":48},32,"Artificial Intelligence","artificial-intelligence",{"id":50,"title":51,"slug":52},26,"Security and protection","security-and-protection",{"id":54,"title":55,"slug":56},31,"YouTube Blog","youtube-blog",{"name":58,"slug":59,"categories":60},"News","news",[61],{"id":62,"title":58,"slug":63},18,"quasanews",{"name":65,"slug":66,"categories":67},"Business","business",[68],{"id":69,"title":65,"slug":66},16,{"post":71,"published_news":93,"popular_news":158,"categories":227},{"title":72,"description":73,"meta_title":72,"meta_description":73,"meta_keywords":74,"text":75,"slug":76,"created_at":77,"publish_at":78,"formatted_created_at":79,"category_id":46,"links":80,"view_type":84,"video_url":82,"views":85,"likes":86,"lang":87,"comments_count":88,"category":89},"Tech Company Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit","Despite tech conglomerate Cisco posting $10.3 billion in profits last year, it's still laying off 5,500 workers as part of an effort to invest more in AI.","Artificial intelligence, AI","\u003Cp>Hello!\u003C/p>\n\n\u003Cp>Despite tech conglomerate Cisco posting $10.3 billion in profits last year, it's still laying off 5,500 workers as part of an effort to invest more in \u003Ca href=\"https://quasa.io/media/how-to-use-artificial-intelligence-ai-for-lead-generation\">AI\u003C/a>, \u003Cem>SFGATE\u003C/em> reports.\u003C/p>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/foto-20/ai-content-3.webp\" type=\"image/webp\">\u003Cimg alt=\"Tech Company Lays Off 5,500 Workers to Invest More in AI, Despite Making .3 Billion in Profit\" class=\"image-align-left\" height=\"205\" src=\"https://cdn.quasa.io/photos/foto-20/ai-content-3.jpeg\" width=\"240\" />\u003C/picture>It joins a litany of other companies like Microsoft and Intuit, the maker of TurboTax, that have used AI as justification for the mass culling of its workforce.\u003C/p>\n\n\u003Cp>The layoffs at Cisco came to light in a notice posted with the Securities and Exchange Commission this week, affecting seven percent of its staff.\u003C/p>\n\n\u003Cp>In a short statement, CEO Chuck Robbins used the term "AI" five times, highlighting the company's efforts to keep up in the ongoing AI race.\u003C/p>\n\n\u003Cp>Earlier this year, Cisco also laid off 4,000 or five percent of it staff, saying that the company wanted to "realign the organization and enable further investment in key priority areas."\u003C/p>\n\n\u003Cp>In short, companies are no longer hiding their optimism over replacing human labor with \u003Ca href=\"https://quasa.io/media/artificial-intelligence-and-humans-as-partners-of-work-can-it-be-done\">AI\u003C/a>, an unfortunate reality for those looking to maintain a stable job. But whether this "realignment" will pay off in the long run remains to be seen.\u003C/p>\n\n\u003Ch4>\u003Cstrong>Red Herring\u003C/strong>\u003C/h4>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/foto-20/ai-content-4.webp\" type=\"image/webp\">\u003Cimg alt=\"Tech Company Lays Off 5,500 Workers to Invest More in AI, Despite Making .3 Billion in Profit\" class=\"image-align-left\" height=\"150\" src=\"https://cdn.quasa.io/photos/foto-20/ai-content-4.jpeg\" width=\"300\" />\u003C/picture>The layoff news helped boost Cisco's stock price on Wednesday, going from $45.04 in the morning to spiking over $48 per share in after-hours trading.\u003C/p>\n\n\u003Cp>We've already seen similar spikes in the stock prices of other tech companies announcing layoffs.\u003C/p>\n\n\u003Cp>Cisc's layoffs are also part of another pattern: tech companies saying they are shifting resources to boost their AI efforts and therefore they need to lay off people as part of a restructuring campaign.\u003C/p>\n\n\u003Cp>While many companies have used \u003Ca href=\"https://quasa.io/media/artificial-intelligence-helps-supply-chain-analytics-make-better-predictions\">AI\u003C/a> as a public-facing excuse for their restructuring efforts, experts remain skeptical and think the tech is instead used as a cover.\u003C/p>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/foto-20/ai-content-5.webp\" type=\"image/webp\">\u003Cimg alt=\"Tech Company Lays Off 5,500 Workers to Invest More in AI, Despite Making .3 Billion in Profit\" class=\"image-align-left\" height=\"114\" src=\"https://cdn.quasa.io/photos/foto-20/ai-content-5.jpeg\" width=\"200\" />\u003C/picture>"Fighting against robots is a nice cover story," University of Oxford economist and data scientist Fabian Stephany told \u003Cem>Business Insider\u003C/em> earlier this year. "But if you have a closer look, it's often old school, simple economic dynamics like outsourcing or lead management cutting costs to increase salaries in other places."\u003C/p>\n\n\u003Cp>Also read:\u003C/p>\n\n\u003Cul>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/top-14-creative-ways-to-make-money\">Top 14 Creative Ways to Make Money\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/airdrop-of-quasacoins-qua\">Airdrop of Quasacoins (QUA)\u003C/a>\u003C/li>\n\u003C/ul>\n\n\u003Cp>Thank you! \u003Cbr />\nJoin us on social networks! \u003Cbr />\nSee you! \u003C/p>","tech-company-lays-off-5-500-workers-to-invest-more-in-ai-despite-making-10-3-billion-in-profit","2024-10-18T13:09:58.000000Z","2024-10-18T12:30:00.000000Z","18.10.2024",{"image":81,"image_webp":82,"thumb":83,"thumb_webp":83},"https://cdn.quasa.io/images/news/ywsrNamQN6cH4uZdKBdlPbP21JP0jiTrGmljStp1.webp",null,"https://cdn.quasa.io/thumbs/news-thumb/images/news/ywsrNamQN6cH4uZdKBdlPbP21JP0jiTrGmljStp1.webp","large",1413,1,"en",0,{"id":46,"title":47,"slug":48,"meta_title":47,"meta_description":90,"meta_keywords":90,"deleted_at":82,"created_at":91,"updated_at":92,"lang":87},"Artificial Intelligence, ai, ml, machine learning, chatgpt, future","2024-09-22T08:08:27.000000Z","2024-09-23T12:49:38.000000Z",[94,108,120,132,145],{"title":95,"description":96,"slug":97,"created_at":98,"publish_at":98,"formatted_created_at":99,"category":100,"links":101,"view_type":106,"video_url":82,"views":69,"likes":88,"lang":87,"comments_count":88,"is_pinned":107},"Cloudflare Just Made Email a First-Class Citizen for AI Agents — And Traditional Email Services Are Feeling It","On April 17, 2026, Cloudflare quietly turned a long-standing dream into reality: it moved Email Service into public beta and added full Email Sending alongside the years-old Email 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proprietary AI platforms to big corporations, Mozilla’s subsidiary MZLA Technologies has taken a very different route.","mozilla-nails-it-thunderbolt-brings-chatgpt-at-home-to-the-enterprise-without-vendor-lock-in","2026-04-19T15:37:27.000000Z",{"title":58,"slug":63},{"image":115,"image_webp":116,"thumb":117,"thumb_webp":118},"https://cdn.quasa.io/images/news/qaAODXSpJy6qpJc0eO9DQ2Y6ccJR1tlL5i3mN0kV.jpg","https://cdn.quasa.io/images/news/qaAODXSpJy6qpJc0eO9DQ2Y6ccJR1tlL5i3mN0kV.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/qaAODXSpJy6qpJc0eO9DQ2Y6ccJR1tlL5i3mN0kV.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/qaAODXSpJy6qpJc0eO9DQ2Y6ccJR1tlL5i3mN0kV.webp",33,{"title":121,"description":122,"slug":123,"created_at":124,"publish_at":124,"formatted_created_at":99,"category":125,"links":126,"view_type":106,"video_url":82,"views":131,"likes":88,"lang":87,"comments_count":88,"is_pinned":107},"X Is Finally Cracking Down on Unlabeled Ads — And It’s Personal","For years, X 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Freeze Millions of Legacy Coins","In a move that could reshape the security of Bitcoin’s unspent transaction outputs forever, Bitcoin developers have introduced BIP-361 — officially titled “Post Quantum Migration and Legacy Signature Sunset.”","bitcoin-developers-propose-bip-361-quantum-proof-migration-that-would-freeze-millions-of-legacy-coins","2026-04-17T11:38:06.000000Z","2026-04-19T11:29:00.000000Z",{"title":43,"slug":44},{"image":140,"image_webp":141,"thumb":142,"thumb_webp":143},"https://cdn.quasa.io/images/news/XW07GuAbFLRaVskP2iUsv0witLmM4GwiSlwMPZpp.jpg","https://cdn.quasa.io/images/news/XW07GuAbFLRaVskP2iUsv0witLmM4GwiSlwMPZpp.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/XW07GuAbFLRaVskP2iUsv0witLmM4GwiSlwMPZpp.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/XW07GuAbFLRaVskP2iUsv0witLmM4GwiSlwMPZpp.webp",55,{"title":146,"description":147,"slug":148,"created_at":149,"publish_at":150,"formatted_created_at":99,"category":151,"links":152,"view_type":106,"video_url":82,"views":157,"likes":88,"lang":87,"comments_count":88,"is_pinned":107},"Thomas Peterffy’s Bold Vision for Prediction Markets: Why Interactive Brokers Is Betting Big on “Useful” Bets","In a wide-ranging conversation on Bloomberg’s Odd Lots podcast, Thomas Peterffy — founder, chairman, and CEO of Interactive Brokers (IBKR) — sat down to discuss one of the most intriguing projects in his company’s 50-year history: IBKR ForecastTrader, the brokerage giant’s freshly launched prediction market 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We offer to place your article, add a link or order the writing of an article for publication.","advertising-on-quasa","2022-07-06T07:33:02.000000Z","2025-12-15T17:33:02.000000Z","15.12.2025",{"title":58,"slug":63},{"image":181,"image_webp":182,"thumb":183,"thumb_webp":184},"https://cdn.quasa.io/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","https://cdn.quasa.io/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.webp",70595,4,{"title":188,"description":189,"slug":190,"created_at":191,"publish_at":192,"formatted_created_at":193,"category":194,"links":195,"view_type":106,"video_url":82,"views":198,"likes":186,"lang":87,"comments_count":88,"is_pinned":107},"What is a Startup?","A startup is not a new company, not a tech company, nor a new tech company. You can be a new tech company, if your goal is not to grow high and fast; then, you are not a startup. ","what-is-a-startup","2021-08-04T12:05:17.000000Z","2025-12-17T13:02:00.000000Z","17.12.2025",{"title":65,"slug":66},{"image":196,"image_webp":82,"thumb":197,"thumb_webp":197},"https://cdn.quasa.io/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp",68228,{"title":200,"description":201,"slug":202,"created_at":203,"publish_at":204,"formatted_created_at":205,"category":206,"links":207,"view_type":106,"video_url":82,"views":212,"likes":171,"lang":87,"comments_count":86,"is_pinned":107},"Top 5 Tips to Make More Money as a Content Creator","Content creators are one of the most desired job titles right now. 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