Cisco to Cut 4,000 Jobs Amid Strategic Pivot Toward AI Infrastructure
Cisco Systems is cutting nearly 4,000 jobs, representing less than 5% of its global workforce, as it pivots its strategy toward artificial intelligence. The move follows a strong quarterly earnings report where the company exceeded guidance for hyperscaler orders and raised its sales forecast due to surging demand for AI infrastructure. CEO Chuck Robbins stated that while some roles are being reduced, the company is making strategic investments in silicon, optics, and security. Investors reacted positively to the restructuring and growth outlook, sending shares to their best single-day performance since 2011, with some analysts projecting further upside.
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Cisco Announces It's Cutting 4,000 Jobs Amid AI-Driven Business Shift - Business Insider
The layoffs, which affect less than 5% of Cisco's workforce, come as the company reported stronger-than-expected quarterly results and raised its sales forecast on growing demand for AI infrastructure.
Stay updated on the most important news stories for Cisco Systems by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Cisco Systems. NasdaqGS:CSCO Earnings & Revenue Growth as at May 2026 · 📰 Beyond the headline: 0 risks and 2 things going right for Cisco Systems that every investor should see. The job cuts ...
The stock jumped roughly 15% to 17% on the news. “While we are reducing roles in some areas, we are making clear, strategic investments—particularly in silicon, optics, security and in our employees’ use of AI across the company,” wrote Cisco CEO Chuck Robbins in a memo to employees. A few days later, British multinational bank Standard Chartered said it plans to cut ...
Cisco's AI Infrastructure Push Drives Stock Momentum Score Up As Rosenblatt Sees 30% Upside
Shares of Cisco Systems Inc. (NASDAQ:CSCO) have surged into the top tier of Benzinga Edge momentum rankings following a pivot toward artificial intelligence (AI) infrastructure and a bullish forecast from Wall Street. Momentum Ranking Surges Cisco's relative strength is accelerating, as evidenced ...
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