The Cisco ELT and multiple layers of bloat beneath them are waking up to the fact that the very AI they are so aggressively promoting will completely destroy their lives.
Each and every one of Cisco's business units are being actively replaced by a small startup using a tech stack that costs them less than $5,000. This is reducing margins.
Every white collar office worker that gets laid off is fewer access points, switches, routers and software seats. This is reducing recurring revenue.
Cisco is, in effect, destroying it's own customer base.
Expect the ELT to start aggressively rewarding themselves with stock buybacks, increased executive compensation, reduced benefits to employees and mass layoffs to provide immediate short term boosts to the stock price.