Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’

# Cisco Cuts 4,000 Jobs to Invest Heavily in AI Cisco is laying off nearly 4,000 employees—about 5% of its workforce—so it can redirect money toward artificial intelligence technology, even as the company reports record profits. This is part of a broader trend where big tech companies are restructuring and cutting costs to fund their AI ambitions. The move suggests Cisco sees AI as essential to its future, though it's choosing to fund this shift by shrinking its current operations rather than simply investing extra money.