Cisco posts record revenue as it trims up to 4,000 jobs for AI-driven realignment

Cisco announced Q3 2026 revenue of $15.8 billion (up 12% YoY) while revealing layoffs of up to 4,000 employees (<5% of the workforce) as it realigns investments toward silicon, optics, security, and AI. The company expects up to $1 billion in pre-tax charges and will provide severance, job placement assistance, and a year of Cisco U training for affected workers.