Cisco

Cisco is cutting nearly 4,000 jobs, or about 5% of its workforce, despite reporting better-than-expected profit and revenue in its fiscal third quarter. The networking equipment maker said it is reducing headcount to change its cost structure and invest more in AI and cybersecurity. This follows a trend of tech companies prioritizing AI spending while laying off employees. Cisco plans to increase investment in cybersecurity after facing security vulnerabilities and a data breach. CEO Chuck Robbins highlighted record revenue and double-digit growth, while noting strategic investments in AI. This is the latest in a series of layoffs at Cisco, which cut thousands in 2024 and over 150 jobs in 2025.

Cisco, a major networking and telecommunications equipment company, is undergoing a significant workforce reduction. The company announced plans to lay off approximately 4,250 employees, which represents about 5% of its global workforce. This strategic restructuring, announced in February 2024, is part of a broader effort to reallocate resources towards key growth areas like artificial intelligence and software, while streamlining operations in a shifting market. The move reflects the ongoing adjustments within the tech industry as companies adapt to new economic and technological priorities.

In September 2024, U.S. tech and networking giant Cisco conducted its second major layoff of the year, affecting thousands of employees. This followed an announcement in August that the company would reduce its global workforce by 7%, equating to approximately 5,600 employees, as part of a restructuring effort to invest in key growth areas and improve efficiency. This round came after an earlier layoff in February 2024 that cut about 4,000 jobs. The cuts impacted various units, including the Talos Security threat intelligence team. Notably, the layoffs were implemented despite Cisco reporting nearly $54 billion in annual revenue for 2024, which it described as its second strongest year on record. The company faced internal criticism for a month-long delay in notifying affected staff and for workplace culture concerns raised by employees.

Cisco, a major networking and technology company, announced plans on Wednesday, February 14, 2024, to lay off approximately 4,250 employees, representing 5% of its global workforce. This decision comes as part of a broader industry trend of cost-cutting in the tech sector. While the company reported strong fiscal second-quarter results, it provided a light revenue and earnings forecast for the upcoming quarters. CEO Chuck Robbins cited a cautious macroeconomic environment and increased customer scrutiny on deals as key challenges. The layoffs are aimed at restructuring and reallocating resources, particularly as Cisco prepares to integrate its pending $28 billion acquisition of Splunk.

Cisco laid off 350 employees on 2023-09-17.

Cisco laid off 4,100 employees representing approximately 5% of its workforce on 2022-11-16.