Tech giant Cisco Systems has revealed plans to eliminate 4,000 positions as the networking technology company shifts its strategic focus toward AI infrastructure and related technologies. The layoff comes on the heels of the company announcing record-breaking quarterly sales.
Business Insider reports that Cisco announced Wednesday that it will lay off about 4,000 employees, representing five percent of its total staff, as part of a major restructuring effort aimed at prioritizing AI investments. The announcement came in an internal memo from CEO Chuck Robbins and coincided with the company’s third-quarter fiscal year 2026 earnings report…
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