Cisco Investments

Meta begins layoffs as Zuckerberg warns success not guaranteed

Meta announced a major round of layoffs on May 20, 2026, cutting about 8,000 roles — roughly 10% of its workforce — while redeploying around 7,000 employees into new AI-focused positions. In an internal memo viewed by CNBC, CEO Mark Zuckerberg framed the moves as necessary given the competitive importance of AI, saying "success isn't a given." The company previously said it would pause hiring for roughly 6,000 open roles. Zuckerberg said executives do not expect additional company-wide layoffs this year. The New York Times first reported the memo; CNBC reviewed the message. Other large tech firms, including Cisco and Microsoft, have also announced workforce reductions or buyouts amid a broader industry shift toward AI investments.

Automation Anywhere Launches EnterpriseClaw for Agentic AI

Automation Anywhere announced EnterpriseClaw, a new capability that lets organizations deploy "claw-style" AI agents across cloud, desktop, on-premises and secured networks with centralized orchestration, governance and observability. Developed in collaboration with Cisco, NVIDIA, Okta and OpenAI, EnterpriseClaw integrates security, identity, runtime and foundation-model support — including Cisco AI Defense/DefenseClaw, NVIDIA OpenShell and Nemotron models, Okta identity controls, and OpenAI models such as GPT-5.5. Automation Anywhere says EnterpriseClaw leverages its Process Reasoning Engine (PRE) and Contextual Intelligence Graph to provide process context and accuracy for enterprise workflows and supports agents built internally or with third-party frameworks. The product is positioned to enable enterprise-grade, agentic automation across regulated and behind-the-firewall environments.

Cybersecurity Stocks Rally; Three Picks from Josh Brown

Published May 18, 2026, CNBC’s Josh Brown and Sean Russo highlight a strong rally in large cybersecurity stocks and profile Fortinet, Palo Alto Networks and CrowdStrike. Fortinet reported a robust Q1 with double-digit revenue and EPS growth and significant buybacks and debt reduction. Palo Alto is expanding its platform, reporting strong subscription growth, notable recurring revenue in AI and cloud security, and recent acquisitions. CrowdStrike’s recurring revenue and product adoption remain high, with Falcon Flex expanding rapidly and upbeat expectations ahead of its early-June earnings. The piece frames cybersecurity as a durable, non-negotiable IT spend that benefits from AI-driven threat dynamics and cites Anthropic’s Project Glasswing as an industry collaboration addressing AI-discovered security flaws.