The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
May 13, 2026
· 2 min read
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Cisco raises annual revenue forecast to $63-billion range
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Article Excerpt
Cisco plans to cut 4,000 jobs, raises annual revenue forecast to $63-billion range
REUTERS
PUBLISHED MAY 13, 2026
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Cisco CSCO-Q said on Wednesday it plans to cut nearly 4,000 jobs, or 5 per cent of its workforce, as part of a restructuring plan to invest more in growth areas such as artificial intelligence, sending its shares up 14 per cent in extended trading.
It said that it sees pre-tax charges of up to US$1-billion relating to the layoffs, with about US…
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