May 13 : Cisco said on Wednesday it would cut nearly 4,000 jobs, as part of a restructuring aimed at shifting investment toward artificial intelligence and related growth areas, and raised its annual revenue forecast after a surge in hyperscaler orders. Shares of the San Jose, California-based networking equipment maker rose more than 16 per cent in extended trading. "The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment