Cisco Stock Jumps 15% on AI Order Surge Amid Nearly 4,000 Job Cuts
Cisco Systems Inc. shares climbed approximately 15% on May 13, 2026 after the company reported a surge in artificial intelligence‑related orders and announced plans to cut nearly 4,000 jobs.
According to CNBC, the stock rally reflects growing investor confidence in Cisco’s AI initiatives, which have helped drive the shares to record levels late last year and continued gains into 2026.
The job reductions, part of a broader restructuring effort, aim to realign the workforce with the company’s shifting focus toward higher‑growth areas such as AI and security.
Cisco did not disclose the specific business units affected by the layoffs in the earnings release, but noted that the moves are intended to improve operational efficiency and support long‑term growth.
