Cisco announces workforce reduction of fewer than 4,000 roles as part of its strategic shift toward artificial intelligence investments.
Cisco will lay off fewer than 4,000 employees as it reallocates resources toward artificial intelligence initiatives. The move accompanies the company’s third-quarter earnings report and forward guidance released Wednesday.
The reduction follows prior restructuring efforts and aligns with broader industry trends of cost optimization amid AI-driven transformation. Cisco did not disclose specific divisions or regions affected by the cuts.
Shares showed limited immediate reaction in after-hours trading as investors weighed the job cuts against the company’s AI-focused growth strategy.