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Cisco posts record revenue then cuts 4000 jobs to fund its AI pivot
Technology
Published on 14 May 2026
The profit surge came—then the layoffs targeted AI
Cisco reported a 12% year-over-year revenue jump to $15.8 billion in Q3 2026, marking its best quarter in years. But the headline was quickly eclipsed by a plan to cut around 4,000 jobs. CEO Chuck Robbins said the restructuring is meant to free capital for an AI-focused buildout, including silicon, optics, security, and enterprise AI tools.
- Cisco hit 12% revenue growth to $15.8 billion in Q3
- Company announced layoffs affecting about 4,000 employees
- Cuts are framed as capital reallocation for AI infrastructure
- Moves mirror a broader AI and efficiency push across Big Tech
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic