Location: San Jose, California, USA.
Department affected: various departments.
Based on news reporting.
Cisco Systems, Inc. has announced significant layoffs affecting approximately 3,500 employees as part of a restructuring effort aimed at realigning its investments in AI infrastructure and security. The job cuts, which are expected to impact various departments, come as the company seeks to streamline operations and adapt to changing market demands. This decision reflects Cisco's ongoing challenges in a competitive tech landscape, particularly in the areas of AI and cybersecurity. The layoffs are part of a broader strategy to enhance efficiency and focus on core business areas, with the company emphasizing its commitment to innovation despite the workforce reductions.
Cisco Systems, Inc. cut 3,500 jobs affecting its various departments team as of October 1, 2023.
That is roughly 3.9% of the 90,400 people Cisco Systems, Inc. employs.
LayoffTalk has tracked 15 layoff events at Cisco Systems, Inc. since October 2023, affecting a combined 9,842 employees.
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