# Cisco announces new round of job cuts, saying it will cut fewer than 4,000 jobs, representing less than 5% of its workforce.

*genai, business · news · 2026-05-14 · SiliconANGLE News*

## Key points

- Cisco reported $5.3 billion in AI infrastructure orders from hyperscalers so far this year.
- Cisco raised its full-year AI order forecast to $9 billion, up from $5 billion initially.
- Cisco will cut fewer than 4,000 jobs, incurring pre-tax charges of about $1 billion.
- Cisco acquired Astrix Security for nearly $300 million to boost 'agentic' security offerings.
- Networking segment revenue jumped 25% to $8.82 billion, surpassing forecasts.

**Companies:** Cisco Systems Inc.
**Countries:** United States

[Read the full story on SiliconANGLE News](https://siliconangle.com/2026/05/13/rising-ai-demand-helps-cisco-another-earnings-revenue-beat/)

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