Based on news reporting.
Cisco has announced layoffs affecting 4,000 employees despite reporting record revenue and double-digit growth. The decision comes as part of a restructuring effort aimed at streamlining operations. The layoffs are significant, indicating a shift in the company's strategy even as it continues to perform well financially. This move raises questions about the future direction of Cisco amidst a changing market landscape.
Company cut 4,000 jobs as of May 14, 2026.
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