1. Cisco cuts 4,000 jobs despite $15.84B record revenue, bets $1B on AI infrastructure pivot as hyperscaler demand surges
Cisco Systems has announced plans to cut approximately 4,000 employees, representing around 5% of its global workforce, even as the networking giant reported record quarterly revenue of $15.84 billion. The counterintuitive move underscores the mounting pressure on traditional tech infrastructure companies to restructur...