Cisco cuts 5% of workforce to pivot to AI and cybersecurity

cisco is cutting 4,000 jobs to reallocate resources toward ai and cybersecurity, a strategy shift ceo chuck robbins framed as necessary to support 'record revenue' growth. the layoffs target roughly 5% of staff and follow previous cuts in 2024 and 2025, signaling a prolonged restructuring effort. the company aims to integrate ai across its products and operations while addressing ongoing security vulnerabilities in its networking hardware. this move mirrors actions by cloudflare and general motors, where workforce reductions fund new technical priorities despite strong earnings.