Cisco Gives Better-Than-Anticipated Forecast, Plans to Cut Jobs
Corroborated by 4 sources from 4 publishers
TL;DR
Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan watch now Cisco shares spike double-digits on earnings and revenue beat CNBC's Kristina Partsinevelos joins 'Closing Bell Overtime' with Cisco earnings. 01:26 an hour ago watch now CNBC's Kristina Partsinevelos joins 'Closing Bell Overtime' with Cisco earnings.
Sources
1
Bloomberg Technology
https://www.bloomberg.com/news/articles/2026-05-13/cisco-gives-better-than-anticipated-forecast-plans-to-cut-jobs
2
CNBC 100004038
https://www.cnbc.com/video/2026/05/13/cisco-shares-spike-double-digits-on-earnings-and-revenue-beat.html
3
Bloomberg Technology
https://www.bloomberg.com/news/videos/2026-05-13/cisco-sales-forecast-tops-estimates-will-cut-5-of-jobs-video
4
Dow Jones U.S. Business
https://www.wsj.com/business/earnings/cisco-to-cut-jobs-in-shift-to-capture-more-ai-demand-b99eeb21?mod=pls_whats_news_us_business_f
5
MarketWatch Top Stories
https://www.marketwatch.com/story/cisco-to-cut-jobs-so-it-can-invest-more-in-ai-and-the-stock-rockets-toward-a-record-cf9d09a9?mod=mw_rss_topstories