The desk

Cisco · Technology · 13 May 2026

Cisco plans under 4,000 cuts on a day of record revenue

Layoff · Funding shift

Cisco said it would cut under 4,000 jobs, about 5% of the workforce, on the same day it reported record third-quarter revenue amid demand for its AI infrastructure. Chief executive Chuck Robbins told staff the winners in the AI era will keep shifting investment, and that this round of cuts was one of those hard decisions.

“The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment.”