Cisco Pops 15% on AI Order Surge — and Cuts 4,000 Jobs
Cisco beat Q3 with record $15.8B revenue, raised FY26 AI orders to $9B, and announced ~4,000 layoffs. Shares jumped about 15% after hours.
tech layoffs
Cisco beat Q3 with record $15.8B revenue, raised FY26 AI orders to $9B, and announced ~4,000 layoffs. Shares jumped about 15% after hours.