… The news of the workforce cuts came as the company reported quarterly revenues of $639.8 million, a 34% year-over-year increase and the highest single quarter in the company’s history. …
In Brief Posted: 7:01 AM PDT · May 14, 2026 Zack Whittaker Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’ Technology giant Cisco is cutting nearly 4,000 jobs, or around 5% of its workforce, despite reporting better-than-expected profit and revenue in its fiscal… …
… For the industry, GM’s restructuring is a signal of what enterprise AI adoption actually looks like in practice — not just adding AI tools on top of existing teams, but deliberately rebuilding the workforce from the ground up. …
… The layoffs come during a bad year for the tech workforce. …
… It comes just a few months after the company laid off 12% of its workforce, which TechCrunch first reported in February . …
Sweden-based caller ID company Truecaller said it will cut 70 jobs, or roughly 15% of its workforce, in the second quarter, as the company posted its Q1 2026 results with a decline in revenue and profits. …
… CISA has also lost about a third of its workforce following cuts, furloughs, and layoffs since Trump took office. …
… In addition, Bloomberg reported on Tuesday that PayPal plans to cut around 20% of its workforce over the next two to three years as part of its cost-savings plan, equating to north of 4,500 jobs. …
… While there are a variety of reasons for these cuts, they are generally connected to technological changes, including AI. …