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Cisco Plans to Lay Off About 4,000 Employees Amid Surge in Orders
6 hour ago /
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Author：小编
Cisco announced on Wednesday that it will lay off approximately 4,000 employees as part of a strategic restructuring to shift resources toward high-growth areas such as artificial intelligence. Driven by a surge in orders from hyperscale cloud service providers, the company raised its revenue forecast for fiscal year 2026 to between $62.8 billion and $63 billion, with full-year AI-related order expectations increasing from $5 billion to $9 billion. Following the announcement, Cisco's stock price rose 15% in after-hours trading.
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