The layoffs aren't just about cost savings; they are a strategic move for reallocating resources to growth areas, notably in AI, cloud, and cybersecurity.
AI is transforming every aspect of our customers' IT environments. They need to modernize their infrastructure, harness the full power of AI and data, and improve their cybersecurity posture.
Cisco has topped $1bn in AI orders with major hyperscalers deploying its ethernet AI fabric, showcasing a pivot towards AI technology.
Despite challenges in networking equipment due to supply chain issues and reduced enterprise spending, there is a resurgence in demand, particularly driven by AI operations.
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