Cisco Cuts 4,000 Jobs as AI Push Drives Strong Earnings Outlook
Cisco plans to cut 4,000 jobs as part of an AI-driven business transformation after reporting stronger-than-expected earnings and raising its outlook.
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Cisco plans to cut 4,000 jobs as part of an AI-driven business transformation after reporting stronger-than-expected earnings and raising its outlook.
SpaceX introduced the third generation of its Starship system featuring upgraded Raptor 3 engines and a redesigned launch architecture, while pre-IPO pricing on Hyperliquid fell 7%.
Google introduced Googlebook, a new AI-focused laptop category powered by Gemini and Android 17, featuring contextual AI controls and natural-language desktop tools.
Google is reportedly in talks with SpaceX about launching orbital data centers as tech companies explore new ways to expand AI computing infrastructure.
Akamai shares jumped 20% after the company reported strong quarterly earnings and announced a $1.8 billion AI infrastructure agreement.
Sony projected double-digit profit growth even as PlayStation 5 hardware sales slowed, supported by strong performance in image sensors and music.
Elon Musk said xAI will be dissolved and absorbed into a new SpaceXAI division focused on artificial intelligence products. The move comes as Anthropic reportedly leases the Colossus 1 data center.
Ferrari topped Wall Street’s first-quarter expectations and reaffirmed its full-year guidance as it prepares for its first electric vehicle debut.
PayPal announced a strategic reorganization into three business segments, aiming to streamline operations and support future growth.
Microsoft will lose exclusive rights to OpenAI models, allowing broader distribution as the partnership evolves and revenue-sharing terms change.
Eli Lilly will acquire Ajax Therapeutics for up to $2.3 billion, strengthening its pipeline in blood cancer treatments.
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.
OpenAI released GPT-5.5 with improved efficiency and a focus on agentic coding, though higher pricing reflects its expanded capabilities.
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Netflix approved an additional $25 billion share buyback program, signaling a renewed focus on shareholder returns after abandoning a major acquisition plan.