Cisco will cut thousands of jobs in a second round of layoffs this year, Reuters reports, citing sources. This comes as more than 126,000 tech employees have been laid off so far in 2024, with companies increasingly citing AI as a reason for these job cuts. Roger Lee, creator of the Layoffs.fyi platform dedicated to tracking tech layoffs since the Covid-19 pandemic in 2020, weighs in with Ed Ludlow on "Bloomberg Technology."