<p>Following a quarter in which his company delivered record revenue, Cisco CEO Chuck Robbins announced that the company's latest round of layoffs begins today.</p>
<p>In a <a href="https://blogs.cisco.com/news/our-path-forward">blog post</a> yesterday, Robbins was quick to boast that Cisco’s fiscal Q3 2026 earnings saw revenue increase 12 percent year-over-year to $15.8 billion. He told employees that he and the rest of Cisco’s executive leadership team “could not be prouder of the growth you have all delivered for Cisco.”</p>
<p>But that pride could apparently not save the company’s successful employees from unemployment.</p><p><a href="https://arstechnica.com/information-technology/2026/05/cisco-announces-record-revenue-and-4000-layoffs-in-the-same-day/">Read full article</a></p>
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