Cisco Pivots to AI with Strategic Job Cuts Amidst Surging Hyperscaler Orders
Cisco Systems, Inc. announced this week it will cut approximately 4,000 jobs, representing about 5% of its global workforce, as part of a significant restructuring initiative aimed at reallocating investments towards artificial intelligence (AI). This strategic pivot comes despite a period of robust financial performance, driven by surging orders from hyperscalers, which have positively impacted…