Cisco CEO Chuck Robbins Tells Jim Cramer 4,000-Job 'Reallocation' Is An 'Agile' Move, Not 'Cost Reduction
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Cisco just cut 4,000 jobs while reporting record revenue of $15.8 billion in the last quarter.
— More Perfect Union (@MorePerfectUS) May 14, 2026
The company gave $2.9 billion to investors in dividends and stock buybacks and spent heavily on AI as it cut off thousands of livelihoods.
Today the stock surged 17% to a record-high.
LAYOFF ALERT: CISCO 🚨
— Official Layoff (@LayoffAI) May 13, 2026
4,000 jobs cut while reporting record revenue.
CEO says they need "focus, urgency, and discipline" for the AI era. The severance package includes free AI training courses (seriously).
Cisco is a top H-1B filer every single year, if you were wondering. pic.twitter.com/BvPxM5nQEW