Cisco announced job cuts affecting roughly 4,000 staff, as CEO Chuck Robbins shifts the company's focus to AI investments, buoyed by strong earnings.
Cisco on Wednesday announced it would conduct layoffs affecting about 4,000 staff, or under 5% of its workforce.
2026-05-13T22:16:43.538Z
Cisco plans to cut about 4,000 jobs to refocus on AI, affecting less than 5% of its workforce.
Despite layoffs, Cisco sees strong quarterly results and raises sales forecast on AI demand.
Cisco's restructuring will invest more in AI chips, fiber optics, and security amid job cuts.
Cisco's stock pops 15% on surging AI orders, as company says it's cutting almost 4,000 jobs
Cisco to cut about 4,000 jobs in AI-focused restructuring as orders surge
Netzwerkausrüster: Cisco streicht für KI-Fokus knapp 4000 Stellen – Aktie steigt kräftig
Cisco to fire 4,000 staff and generously give them free training – on Cisco
AI layoffs do not result in returns for companies, finds report
Las acciones de Cisco suben un 17%, tras anunciar que recortará 4.000 puestos de trabajo
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More Automation Leads Job Numbers For May
Microsoft starts layoffs at LinkedIn.
Shares of the networking equipment maker soared almost 19 per cent in extended trading on May 13. Read more at straitstimes.com.…
