Shares headed for their best day in more than two decades after Cisco blew past its AI infrastructure and hyperscaler orders guidance for the fiscal year

Cisco is positioning itself as one of the companies built to win from the artificial intelligence boom. But that shift is bringing pain for workers. Despite a record quarter, the tech giant is reducing thousands of jobs as part of a broader restructuring tied to where it sees future growth.

Cisco said on Thursday it would cut around 4,000 jobs as part of a restructuring aimed at enhancing its AI efforts.

Despite reporting one of the best quarters in the company’s history, Cisco Systems Inc. CSCO is restructuring its workforce to the tune of 4,000 jobs. However, CEO Chuck Robbins insists the move is a strategic “reallocation” to fuel expanding artificial intelligence (AI) infrastructure,

Cisco just posted record revenue—then cut 4,000 jobs. The move reveals a critical leadership lesson: the most dangerous moment in business isn’t losing, but winning—and how smart companies act before the market forces them to.

Cisco Chair and CEO Chuck Robbins joins 'Squawk on the Street' to discuss the company's quarterly earnings results, Silicon One strategy, the company's AI investment, restructuring plan, growth outlook,

Cisco's momentum has implications for enterprises with plans to refresh campus networks and boost their AI readiness.