AssetID: 55691076
Headline: UNCAPTIONED: Cisco Cuts 4,000 Jobs While AI Business Booms
Caption: Cisco Cuts 4,000 Jobs While AI Business Booms. Cisco says it will cut nearly 4,000 jobs as the company shifts more investment into artificial intelligence and other fast-growing tech areas. The networking giant also raised its yearly revenue forecast after seeing a major surge in AI-related orders from hyperscalers like large cloud and data center companies. CEO Chuck Robbins said companies that succeed in the AI era must stay focused and move investments toward areas with the strongest demand. Cisco revealed it has already secured $5.3 billion in AI infrastructure orders this fiscal year and now expects that number to hit $9 billion, up sharply from its earlier forecast of $5 billion. The company is investing heavily in AI networking, silicon, optics and security systems as demand for high-speed data center connections continues to rise. Cisco shares jumped more than 16% after the announcement, while the company’s stock is now up 32% this year. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Cisco,layoffs,artificial intelligence,AI infrastructure,hyperscalers,data centers,Chuck Robbins,AI networking,cloud computing,high-speed connectivity,tech industry growth,cybersecurity systems,stock market surge
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