Investment

Features

Fees Safety

Academy

Pluang+

Home/News Feed/Cisco to cut up to 4,000 jobs, invest $1B in AI, sending stock to record highs

CSCO

$111.75

-$0.02 -0.02%

Cisco to cut up to 4,000 jobs, invest $1B in AI, sending stock to record highs

Market News

13 May 2026

Market Watch

View Source

Bullish

Cisco Systems announced plans to lay off fewer than 4,000 employees, less than 5% of its workforce, as part of a restructuring to boost investment in artificial intelligence. The company will incur up to $1 billion in pre-tax charges, including $450 million in severance and termination costs this fiscal quarter. This move aims to support Cisco's growth strategy amid strong fiscal third-quarter results, driving its stock price to record levels. The layoffs and AI focus signal Cisco's shift toward future technology priorities.

More News (CSCO)

Cisco Systems rated a buy with 21% upside on AI and tech upgrades driving growth through 2027.

An analyst rates Cisco Systems as a buy with a $147 price target, suggesting 21% upside from its current price of $121. The positive outlook is based on growth drivers like hyperscaler AI infrastructure, enterprise AI orders, Wi-Fi 7, smart switches,...

Analyst Insights

Bullish

1 day ago