Cisco FIRES 4,000 During Its Best Quarter Ever

Cisco just posted the biggest sales quarter in its history, and fired 4,000 employees the same day. The networking giant reported 15.8 billion dollars in revenue, but told workers the company needed a new cost structure to fund its AI push. This is the new playbook: profitable companies are using AI spending as a reason to cut thousands of jobs, and your company might be next. If Cisco is firing people during its best quarter ever, what does your job actually depend on? More tech news every week at Patch Log.

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🔗 https://techcrunch.com/2026/05/14/cisco-cuts-nearly-4000-jobs-to-spend-more-on-ai-reports-record-quarterly-revenue/

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