In a Wednesday blog post, Cisco CEO Chuck Robbins announced layoffs of 4,000 employees (5% staff) so that the company can spend more on AI and cybersecurity. He also touted Cisco's "record revenue" and "double-digit growth."
Robbins' total executive compensation is ~$52 million for 2025.
https://techcrunch.com/2026/05/14/cisco-cuts-nearly-4000-jobs-to-spend-more-on-ai-reports-record-quarterly-revenue/
Zack Whittaker
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2026-05-14 14:11:38 UTC
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2026-05-14 14:11:38 UTCEvent JSON
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