Cisco announces record revenue and 4,000 layoffs in the same day

Cisco announced about 4,000 layoffs despite reporting record revenue, saying the move is a strategic realignment rather than a simple cost cut.

The company plans up to $1 billion in pre-tax charges as it shifts resources toward higher-priority areas like AI, security, silicon, and optics.

Cisco said affected employees will receive bonuses, job placement support, and one year of training access.

The decision underscores how the company is reallocating investment quickly even amid strong financial performance.