Based on news reporting.
Cisco Systems, Inc. has announced plans to lay off approximately 3,500 employees as part of its strategic shift towards artificial intelligence. The company is restructuring its workforce to better align with its AI initiatives, which are expected to enhance its product offerings and market competitiveness. This decision reflects broader trends in the tech industry, where companies are increasingly focusing on AI capabilities. The layoffs are part of a larger effort to streamline operations and invest in future technologies, although specific timelines for the job cuts have not been disclosed.
Cisco Systems, Inc. cut 3,500 jobs.
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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Estimated figure based on news reporting. Not yet confirmed by Cisco Systems, Inc..
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