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Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’ 14 May 2026 at 18:01

Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’

By:Zack Whittaker

14 May 2026 at 18:01

This is Cisco's latest layoff in recent years, while the company's chief executive touts record revenue and growth.