Cisco posts record revenue as 4,000 layoffs hit the same day

Technology company Cisco is drawing backlash after posting all-time revenue while announcing about 4,000 job cuts on the same day.

This is another unsettling example of highly profitable companies cutting workers while celebrating strong financial results and expanding their artificial intelligence ambitions.

What happened?

As Ars Technica reported, Cisco disclosed record revenue while also eliminating about 4,000 jobs. The contrast quickly sparked outrage online, with many critics arguing the decision reflected a shareholder-first approach rather than any genuine financial distress.

Furthermore, a Reddit post about the news gained major traction on r/technology, earning more than 20,000 upvotes and over 1,000 comments.

One commenter wrote, “Companies shouldn’t be able to layoff just to get a temporary bump on the books.”

Another added, “As someone who was affected by one of their layoffs last year and is still looking for work,…