people · May 18, 2026
Cisco CEO Chuck Robbins Explains 4,000 Job Cuts as Resource Reallocation for AI Growth
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Cisco CEO Chuck Robbins detailed the reduction of fewer than 4,000 jobs in Q4 on May 16, 2026. The cuts represent less than 5 percent of the total employee base, with notifications starting May 14, 2026. Cisco reported Q3 2026 revenue of $15.8 billion, up 12 percent year over year, GAAP net income of $3.4 billion, up 35 percent, and GAAP EPS of 85 cents, up 37 percent. Networking product orders grew more than 50 percent year over year while total product orders rose 35 percent.
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