Cisco Cuts 4,000 Jobs to Fund AI and Cybersecurity Push Despite Record Quarterly Revenue
Cisco is eliminating nearly 4,000 positions — approximately 5% of its global workforce — to restructure its cost base and redirect investment toward artificial intelligence and cybersecurity, the networking giant announced alongside better-than-expected fiscal third-quarter results. CEO Chuck Robbins described the company as achieving record revenue and double-digit growth, while framing the redundancies as a strategic shift toward embedding […]