Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’
2026-05-14 · TechCrunch
Cisco is cutting nearly 4,000 jobs so it can throw more money at AI, all while bragging about 'record quarterly revenue.' Nothing says 'we value our employees' like firing thousands of them during your best quarter ever. But hey, at least the AI budget is doing great.