Cisco is cutting nearly 4,000 jobs, about 5% of its workforce, even as it reported record quarterly revenue. It says it wants to reshape costs and invest more in AI and cybersecurity.
AI
Company cited AI: Cisco said the cuts reshape its costs so it can invest more in AI and security.
Each layoff is an announcement a company made or confirmed, with at least one source. Employee totals add the numbers as stated: “about”, “at least” and “up to” figures count as given, and layoffs without a number count toward companies and layoffs only. Headquarters filters use where a company is based, not where the cuts happen.
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