/Cisco%20Systems%2C%20Inc_%20logo%20on%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
Cisco Systems (CSCO) stock climbed to an all-time high on May 14 after posting stellar Q3 results and announcing layoffs affecting nearly 4,000 roles worldwide.
This represents just under 5% of the company’s global workforce, with management reassuring that these cuts are not at all borne out of financial distress.
