International Companies

Cisco shares soar as networking giant unveils 4,000 job cuts

By Benjamin Chiou

Date: Thursday 14 May 2026

(Sharecast News) - Telecoms and networking tech giant Cisco Systems has announced it is cutting its workforce by nearly 4,000 as part of its so-called 'Path Forward' restructuring plan costing $1bn to compete in the AI era.
Cisco chair and chief executive Chuck Robbins said, in order to stay competitive, the...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page