Read the memo: Cisco to cut about 4,000 jobs in AI-driven restructuring

Tech Insider : Economy, Business, Environment
The Cisco logo appears in an image
Cisco on Wednesday announced it would conduct layoffs affecting about 4,000 staff, or under 5% of its workforce.

WEF

The live-music boom has convinced some artists they're bigger than they are

Tech Insider : Economy, Business
Post Malone performs at the 2024 Bonnaroo Music & Arts Festival.
Post Malone performs at the 2024 Bonnaroo Music & Arts Festival.

Erika Goldring/Getty Images

Lyft says its latest AI push is all about helping drivers make more money

Tech Insider : Economy, Business
A white-and-pink Lyft sticker sits on the inside of a car's rear windshield.
Lyft has rolled out its AI-based Earnings Assistant tool over the past year.

Bloomberg/Getty Images

Ask your landlord to lower your rent — now

Tech Insider : Economy, Business, Style
Apartment key on a keyring with three dollar signs; a hand crosses out two of the three signs.

Getty Images; Alyssa Powell/BI

A few weeks ago, Marco Bario texted his landlord with an unusual request.

Mamdani's property tax hike on middle-income New Yorkers is officially dead

Tech Insider : Economy, Business
mamdani
Zohran Mamdani is scrapping a potential NYC property tax hike.

kena betancur / AFP via Getty Images

More student-loan borrowers will face shrinking paychecks when Trump's collections pause lifts

Tech Insider : Economy, Business
President Donald Trump
A new wave of student-loan borrowers is in default while President Donald Trump's collections pause is ongoing, the New York Federal Reserve said.

Anna Moneymaker/Getty Images

Former OpenAI researcher warns 'AI is not loyal to us'

Tech Insider : Economy, Business, Style

Daniel Kokotajlo is the founder of the AI Futures Project and a former OpenAI researcher who worked on forecasting, AI governance, and safety.

Inflation surged in April to the highest rate since 2023

Tech Insider : Economy, Economy, Business
Sign of prices at a Mobil gas station

Patrick T. Fallon / AFP via Getty Images

The Great Wealth Transfer's real recipients? Elder-care costs.

Tech Insider : Economy, Business
older woman and young woman sit on couch talking

Susumu Yoshioka/Getty Images

Affordable vehicles are becoming harder to find for Americans

Tech Insider : Economy, Business
A used car with a $6,450 sticker price is parked on a dealership lot in front of the sales entrance door.
Car prices have jumped in the new and used markets, according to CarGurus data.

Michael Yanow/NurPhoto via Getty Images

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