Business

Cisco Announces Layoffs and Record Revenue

Updated 2026-05-14 17:35 UTC 1 source Neutral

Cisco announced record revenue for the quarter, but also revealed plans to lay off 4,000 employees. The company’s CFO denied that layoffs were a cost-cutting measure.

Coverage timeline — 1 article

Ars Technica

Cisco announces record revenue and 4,000 layoffs in the same day

Layoffs are "not a savings-driven resutrcture," CFO says.

2026-05-14 16:47 UTC