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

Cisco’s 7% workforce reduction (nearly 4,000 jobs) signals a major pivot: legacy networking hardware is being sacrificed to fund AI infrastructure. The "record quarterly revenue" justifies this reprioritization. By 2026, expect more enterprise tech giants to aggressively reallocate headcount budgets toward AI compute and security, permanently reshaping the labor structure of the networking sector.