Cisco slashes seven percent of workforce
www.theregister.com
Reorg of entire biz as tech giant addresses downturn in core networking segment
  • MyOpinion@lemm.ee
    37·
    8 months ago

    Pivot to AI! These companies are going to be in for a rude awakening when the AI scam collapses.

    • kautau@lemmy.world
      2·
      7 months ago

      The bubble just keeps growing. CEOs and hedge funds pumping it will be long gone when this thing pops

      • MyOpinion@lemm.ee
        51·
        8 months ago

        Copying everyone’s work and dumping out shitty versions of it. Using people behind the scenes to give your software the feel of having true intelligence. It is a con job.

        • Psychodelic@lemmy.world
          2·
          8 months ago

          Ah, gotcha. I totally agree in that case, but that also sounds like standard capitalism. lol. And that shit is going strong!

  • RagingRobot@lemmy.world
    31·
    8 months ago

    My company did this same thing like a week ago and the CEO was bragging about his leadership insight lol

    All the tech companies are doing this same shit. It’s just layoffs with an excuse so they don’t look as bad for their failures.

    What ai features do we really need from Cisco? None lol

    • Waldowal@lemmy.world
      23·
      8 months ago

      With AI based routing, the switches will use AI to read the destination IP, look it up in the routing table, and send the traffic there. It’s the same as it was before, but AI. Also, it will occasionally hallucinate and send your traffic to someone else.

  • conditional_soup@lemm.ee
    16·
    8 months ago

    If I was a Cisco investor, I’d be looking to move my money elsewhere. All these companies laying people off, shuttering whole ass teams, and replacing them with non-proprietary and, frankly, unproven LLMs are going to blow their own legs off here pretty soon. I have a feeling that a pretty dramatic change is AI pricing models is coming soon, since all of these companies are providing access to their models for a fraction of the cost to run them, and the VCs are going to want their money back. Is chatGPT good enough at, what is it, 0.004 cents a token? Maybe, I guess, if the ghost of quality control doesn’t haunt you at night. Is chatGPT still good enough at 0.1 cents a token or more, or with surge pricing models? I sincerely doubt it. If openAI implements surge pricing, stay on the lookout for articles about some company or user getting a surprise bill for a million dollars, AWS-style. Given the current quality of LLMs, I don’t think that the cost shakes out for what you get.

    • Optional@lemmy.worldOP
      71·
      8 months ago

      Before we get to pricing, I’d like to see any successful use case in a corporate environment? Not one that’s sort-of working, or obe that hasn’t panned out yet - just a successful, implemented, customer-facing example.

      • conditional_soup@lemm.ee
        4·
        8 months ago

        Good point. I think a bigger problem than the customer facing AIs is going to be the internal ones that make shit up. Someone on here claimed to be working somewhere where they gutted their HR department and replaced them almost completely with an LLM that was fed their documents. They claimed the AI had already told them several blatantly illegal things. Any company that does that is just begging to get sued to death, and I’m sure the investors will be reeeeeaaaaal happy with the, what, 1% they saved by killing HR? I mean, HR aren’t the good guys here, but just imagine a company being brain dead enough to say “hey, let’s get rid of the people that keep us from getting sued to death and replace it with a chatbot lmao”.

        • Optional@lemmy.worldOP
          3·
          8 months ago

          IBM Plans To Replace Nearly 8,000 Jobs With AI — These Jobs Are First to Go

          IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI.

          Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes. In recent weeks, the company has opened up dozens of positions for AI-based roles to help develop and maintain these systems.

          Now that I think about it - that explains a few things . . .

  • Yawweee877h444@lemmy.world
    8·
    8 months ago

    Good. Let AI take all jobs ASAP.

    Because then we redistribute the wealth and we don’t have to work and can just play and be freeeeee!

    Right?

    Guys…?