Cisco: 4,000 jobs cut
Cisco announced the layoff of approximately 4,000 employees, representing about 5% of its workforce, as part of a strategic shift towards AI infrastructure and cybersecurity. This decision comes despite the company reporting record revenue of $15.8 billion for Q3 FY2026. The layoffs are part of a broader restructuring aimed at reallocating resources to faster-growing areas tied to AI and next-generation networking.
Conservative
0
Core Estimate
3,000
Upper Bound
4,000
Sources
Cisco Cuts 4,000 Jobs While Posting Record Revenue as Company Bets Its Future on AI - Founder News
Cisco Cuts 4,000 Jobs While Posting Record Revenue as Company Bets Its Future on AI - Founder News × - Home - Cisco Cuts 4,000 Jobs While Posting Record Revenue as Company Bets Its Future on AI Cisco is cutting approximately 4,000 jobs — about 5% of its 86,000-strong workforce — despite reporting record Q3 FY2026 revenue of $15.8 billion, a 12% year-over-year increase. The restructuring, expected to cost up to $1 billion, redirects resources toward AI infrastructure, cybersecurity, and custom
Cisco to Cut Nearly 4,000 Jobs Amid AI-Focused Restructuring - HR Talk
Cisco to Cut Nearly 4,000 Jobs Amid AI-Focused Restructuring - HR Talk Close Menu Cisco Systems headquarters in San Jose, California, US, on Monday, Aug. 14, 2023. Cisco Systems Inc. is scheduled to release earnings figures on August 16. Photographer: David Paul Morris/Bloomberg via Getty Images Share Cisco is set to reduce its global workforce by nearly 4,000 employees as part of a restructuring initiative aimed at increasing focus on artificial intelligence and other strategic technology a