business

Cisco to cut jobs so it can invest more in AI, and the stock rockets toward a record

MarketWatch · May 13, 2026, 9:42 PM · Also reported by 4 other sources

Cisco’s stock soars into record territory, after the networking giant announced plans to invest more in AI and upbeat earnings report.

Read full story on MarketWatch → More top stories

Also covered by

CNBC Cisco's stock pops 14% on surging AI orders, as company says it's cutting almost 4,000 jobs Bloomberg Tech Cisco Sales Forecast Tops Estimates, Will Cut 5% of Jobs Bloomberg Tech Cisco Gives Better-Than-Anticipated Forecast, Plans to Cut Jobs Yahoo Finance Apple stock on track for record close as tech rebounds

Aggregated and edited by the Scoop newsroom. We surface news from MarketWatch alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop

Cisco to cut jobs so it can invest more in AI, and the stock rockets toward a record

Also covered by

More in business