{"id":643006,"date":"2026-05-14T16:59:14","date_gmt":"2026-05-14T16:59:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/643006\/"},"modified":"2026-05-14T16:59:14","modified_gmt":"2026-05-14T16:59:14","slug":"cisco-cuts-nearly-4000-jobs-to-spend-more-on-ai-reports-record-quarterly-revenue","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/643006\/","title":{"rendered":"Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’"},"content":{"rendered":"

Technology giant Cisco is cutting fewer than 4,000 jobs, or around 5% of its workforce, despite reporting better-than-expected profit and revenue<\/a> in its fiscal third quarter.\u00a0<\/p>\n

The networking equipment maker said it reducing its headcount in order to change its \u201ccost structure\u201d and invest in AI and cybersecurity.<\/p>\n

Cisco\u2019s decision follows a recent trend of tech companies increasingly citing a priority on AI spending as a reason to let employees go. Cloudflare<\/a> and General Motors<\/a> have both laid off staff in recent days, despite reporting strong financial results.<\/p>\n

Cisco said it plans to invest more in cybersecurity, as the company continues to contend with a slew<\/a> of security vulnerabilities<\/a> in its routers and firewalls that have allowed hackers to break into the networks of its corporate customers, including the U.S. government<\/a>. Cisco last year also experienced a data breach<\/a> in which customers\u2019 personal information was affected.<\/p>\n

In a blog post<\/a> published Wednesday, Cisco\u2019s chief executive Chuck Robbins touted the company\u2019s \u201crecord revenue\u201d and \u201cdouble-digit growth,\u201d while acknowledging that the company was making strategic investments \u201cin our employees\u2019 use of AI across the company.\u201d<\/p>\n

According to public filings<\/a>, Robbins was slated to earn more than $52 million in executive compensation during 2025. When reached by TechCrunch, a Cisco spokesperson did not comment beyond Robbins\u2019 statement, or say, when asked, if Robbins plans to reduce his compensation.<\/p>\n

This is the latest round of job cuts at Cisco in recent years. The company laid off thousands of employees during two separate layoffs in 2024<\/a>, and cut 150 jobs<\/a> in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"Technology giant Cisco is cutting fewer than 4,000 jobs, or around 5% of its workforce, despite reporting better-than-expected…\n","protected":false},"author":2,"featured_media":643007,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[182,28,151917,10386,7257,2539],"class_list":["post-643006","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ai","tag-business","tag-chuck-robbins","tag-cisco","tag-cybersecurity","tag-layoffs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/643006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=643006"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/643006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/643007"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=643006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=643006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=643006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}