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Cisco, LinkedIn to Cut Thousands of Jobs in Latest Tech Layoffs
Cisco said the plan follows record quarterly revenue and $5.3 billion in AI infrastructure orders from hyperscalers.
- Cisco Systems announced plans on Wednesday to cut fewer than 4,000 jobs globally, representing less than 5% of its workforce, as the San Jose-based company shifts resources toward artificial intelligence.
- Despite posting record quarterly revenue of $15.8 billion—a 12% year-over-year increase—CEO Chuck Robbins emphasized that 'hard decisions' are necessary to stay competitive in what he called the AI era.
- Projecting FY2026 AI orders to reach about $9 billion, the company has secured $5.3 billion in AI infrastructure orders year-to-date, signaling strong market demand underpinning the strategic pivot.
- Starting Thursday, May 14, the company will begin issuing workforce notifications, offering affected employees severance packages and one year of access to Cisco U training courses for career transitions.
- This restructuring plan carries pre-tax charges of up to $1 billion, with approximately $450 million expected in the following quarter, placing Cisco among Meta, Amazon, and Oracle in AI-focused headcount reductions.
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32 Articles
32 Articles
Cisco Reports Sky High Revenue, Lays Off 4,000 in AI-Focused Restructuring
Tech giant Cisco Systems has revealed plans to eliminate 4,000 positions as the networking technology company shifts its strategic focus toward AI infrastructure and related technologies. The layoffs come on the heels of the company announcing record-breaking quarterly sales.
·United States
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Cisco to cut about 4,000 jobs in AI-focused restructuring | Honolulu Star-Advertiser
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.
·Honolulu, United States
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Total News Sources32
Leaning Left1Leaning Right2Center15Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
11%
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