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Cisco reports record revenue while laying off 4,000 employees

Cisco announced record revenue for the fiscal third quarter, alongside plans to lay off approximately 4,000 employees. The company's revenue reached $14.3 billion, exceeding analyst expectations. These layoffs represent about 5% of Cisco's global workforce and are part of a restructuring effort. AI

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Cisco reports record revenue while laying off 4,000 employees

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  1. Mastodon — sigmoid.social TIER_1 English(EN) · [email protected] ·

    "Cisco announces record revenue and 4,000 layoffs in the same day" I need to reread Dante's Inferno to refresh my memory regarding which layer of Hell these C-l

    "Cisco announces record revenue and 4,000 layoffs in the same day" I need to reread Dante's Inferno to refresh my memory regarding which layer of Hell these C-level people will inhabit. https:// arstechnica.com/information-te chnology/2026/05/cisco-announces-record-revenue-and-40…