Category Archives: AI

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Breaking news: Cisco to cut roughly 4,250 from its payroll

Cisco late this afternoon released its second quarter results, as well as announcing a reduction of its payroll by five per cent, which in terms of head count means an estimated 4,250  employees will be receiving termination notices. According to a Reuters report, the company “lowered its annual revenue target as (it) navigates a tough […]

EY Canada, Microsoft launch climate stress testing initiative for FIs

Consulting and accounting firm EY Canada today launched the EY Climate Stress Testing and Scenario Analysis solution, a service running on Microsoft Azure which it said is designed to help safeguard Canada’s financial sector against the impacts of climate change. Mario Schlener, EY Canada risk consulting leader, said a key reason for the system’s development […]