Cisco on Wednesday announced it would conduct layoffs affecting about 4,000 staff, or under 5% of its workforce. WEF Cisco plans to cut about 4,000 jobs to refocus on AI, affecting less than 5% of its workforce. Despite layoffs, Cisco sees strong quarterly results and raises sales forecast on AI demand. Cisco's restructuring will invest more in AI chips, fiber optics, and security amid job cuts. Cisco is cutting "fewer than 4,000 jobs" as the networking giant restructures its business to focus