Event Brief
UPDATED May 14, 2026 at 10:00 PM ET
May 13, 2026 at 5:00 PM ET
Cisco shares jump 15% as AI orders surge, jobs cut
By The BriefBrief
Cisco’s stock rose about 15% after surging AI orders and a plan to cut nearly 4,000 jobs.
WHO: Cisco
WHAT: Cisco reported surging AI orders and announced job cuts of almost 4,000
WHEN: May 13, 2026 at 4:48 PM ET
WHERE: Location not specified
WHY: The stock reaction was triggered by Cisco’s AI orders update and job-cut announcement.
How this story developed (showing 3 of 3 earlier reports)
Reporting from 5 identified publishers across this event arc.
View all 5 publishers
Publishers represented across this event arc
These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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