Cisco

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Cisco Cuts 4,000 Jobs to Fund AI and Cybersecurity Push Despite Record Quarterly Revenue

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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 […]

ai, AI Funding & Investment, business, Cisco, insights, job cuts

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 […]

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The Week Ahead in AI: AI Layoffs, Perplexity Launches Mac AI Agent, Jensen Huang Speaks to SMU Grads, Plus Funding, Upcoming Earnings & AI Week New York

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Welcome to AI Insider’s The Week Ahead in AI. See the key developments and events we’re watching May 10- 16. Weekend AI News Briefs Oracle’s AI-Driven Mass Layoff of 30,000 Draws Backlash Over Severance Terms and Forfeited Stock Oracle’s reported March 31 layoff of an estimated 20,000 to 30,000 employees has triggered employee criticism over severance […]

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