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Cisco's stock pops 14% on surging AI orders, as company says it's cutting almost 4,000 jobs
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- Cisco shares soared 14% in extended trading on Wednesday after the networking company issued results and guidance that topped Wall Street's projections.
- The company said it's cutting its workforce this quarter by fewer than 4,000 jobs, representing less than 5% of total employees.
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Cisco shares soared 14% in extended trading on Wednesday after the networking company issued results and guidance that topped Wall Street's projections.
The company said it's cutting its workforce this quarter by fewer than 4,000 jobs, representing less than 5% of total employees.
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