Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’
Networking giant says the cuts are meant to reshape its cost structure and fund more investment in AI and cybersecurity.
Cisco said it will cut fewer than 4,000 jobs (about 5% of staff) while reporting better-than-expected fiscal Q3 profit and revenue, describing the move as a way to change its cost structure and increase investment in AI and cybersecurity.
Read the original reporting at TechCrunch.
