Cisco Cuts 4,000 Jobs as AI Boom Pushes Revenue Forecast Higher

Cisco Cuts 4,000 Jobs as AI Boom Pushes Revenue Forecast Higher

Networking giant Cisco has announced plans to cut about 4,000 jobs globally as it doubles down on artificial intelligence infrastructure, even as the company posted stronger-than-expected revenue forecasts that excited investors across Wall Street. The company’s shares surged sharply after…