Cisco to fire 4,000 staff and generously give them free training - on Cisco

"“The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest.” For Cisco that means “reducing roles in some areas” and also “making clear, strategic investments - particularly in silicon, optics, security, and in our employees' use of AI across the company.”"

"“Today we announced our Q3 FY26 earnings with record revenue of $15.8 billion, up 12 percent year over year, and double-digit top and bottom-line growth. The ELT [executive leadership team] and I could not be prouder of the growth you have all delivered for Cisco.” That growth included net income growing 35 percent to $3.4 billion."

"“We are also committed to continued personalized learning and will provide one year of access to all Cisco U courses and certifications, covering AI, Security, Networking, and more,” he added. Robbins said Cisco will help its soon-to-be-former workers find their next gig, and that the company's efforts to do so have a 75 percent success rate."

"Cisco made two big rounds of layoffs in 2024, one of which ejected seven percent of staff and the other resulted in Cisco firing five percent of employees. The restructures appear not to have slowed the company down: Robbins said product orders in Q3 rose 35 percent year over year - a figure that encapsulates a 105 percent year-over-year surge"

Cisco reported Q3 FY26 record revenue of $15.8 billion, up 12% year over year, with net income rising 35% to $3.4 billion. CEO Chuck Robbins said layoffs are needed to maintain focus and continuously redirect investment toward areas with the strongest demand and long-term value creation. The plan includes reducing roles in some areas while making strategic investments in silicon, optics, security, and employees’ use of AI across the company. Around 4,000 employees are expected to be laid off. Cisco will provide job-search support with a stated 75% success rate and will offer one year of access to Cisco U courses and certifications covering AI, security, networking, and more. Product orders rose 35% year over year.

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