Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’

Cisco is cutting around 4,000 jobs (~5% of its workforce) to change its cost structure and reallocate spending toward AI and cybersecurity; the article notes Cisco has faced numerous security vulnerabilities in its routers and firewalls and experienced a customer-impacting data breach last year, but offers no technical details about those incidents.