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Cisco announces record revenue, lays off 4000 workers
| The Facebook | 05/24/26 |
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Date: May 24th, 2026 9:18 AM Author: The Facebook https://finance.yahoo.com/sectors/technology/articles/cisco-posts-record-revenue-4-214000754.html
As Ars Technica reported, Cisco disclosed record revenue while also eliminating about 4,000 jobs. The contrast quickly sparked outrage online, with many critics arguing the decision reflected a shareholder-first approach rather than any genuine financial distress. |