Cisco's stock pops 15% on surging AI orders, as company says it's cutting almost 4,000 jobs
2026-05-14 · Tech
Cisco's AI business is booming so hard that nearly 4,000 employees get to experience the 'efficiency gains' firsthand — by losing their jobs. Nothing says 'AI is transforming our company' quite like cutting thousands of workers while your stock pops 15%. The machines are winning, and Wall Street is celebrating.