By Juby Babu
Publication Date: 2026-05-14 09:02:00
By Juby Babu
May 13 (Reuters) – Cisco said on Wednesday it would cut nearly 4,000 jobs, as part of a restructuring aimed at shifting investment toward artificial intelligence and related growth areas, and raised its annual revenue forecast after a surge in hyperscaler orders.
Shares of the San Jose, California-based networking equipment maker rose more than 17% in premarket trading on Thursday.
“The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest,” CEO Chuck Robbins said in a post on Cisco’s website.
The company said it was making strategic investments in silicon, optics, security and employees’ use of AI across the company, as it reduces roles in some areas.
Cisco has taken $5.3 billion in AI infrastructure orders from hyperscalers so far this fiscal year, and raised its full-year order…
