This is an eye-opener for those who rely on one of the standards in networking. The Register reports Cisco laying off 4000 staff:

…layoffs are necessary because “The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest.” For Cisco that means “reducing roles in some areas” and also “making clear, strategic investments – particularly in silicon, optics, security, and in our employees’ use of AI across the company.” On Thursday, US time, close to 4,000 unlucky Cisco staff will be shown the door. 

The layoffs come with something rarely seen… training. It raises the issue of retraining staff who have lost their job due to GenAi and profit-hungry CEOs and Boards.

The issue is, “Will the training be sufficient to aid workers in transitioning to a new position? And will that be a job that pays as well or better than what they had?”

The real concern is that once Gen AI takes your job, it also takes every other job you could have applied for, too.