This afternoon, we shared the next e mail with Cisco staff.
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Workforce,
At present we introduced our Q3 FY26 earnings with file income of $15.8 billion, up 12 % 12 months over 12 months, and double-digit prime and bottom-line progress. The ELT and I couldn’t be prouder of the expansion you may have all delivered for Cisco.
These outcomes are much more spectacular given the complicated atmosphere we’re working in – a quickly altering market, with intensifying competitors, and a worldwide scarcity of parts vital to help our portfolio and the AI buildout from our clients.
The businesses that may win within the AI period shall be these with focus, urgency, and the self-discipline to repeatedly shift funding towards the areas the place demand and long-term worth creation are strongest. I’m assured Cisco shall be a type of winners. This implies making onerous choices – about the place we make investments, how we’re organized, and the way our price construction displays the chance in entrance of us.
With this, we’re making modifications in the present day that may outcome within the discount of our total workforce in This autumn by fewer than 4,000 jobs, representing lower than 5 % of our whole worker base. Most notifications will start on Could 14 and proceed globally in alignment with relevant native legal guidelines and rules. For workers whose roles are impacted, leaders will share particulars straight – together with timing, accessible assets, help, and advantages in every nation. It will embody pro-rated fee of FY26 bonuses to impacted staff. We are going to present help to find new alternatives, whether or not inside or exterior, by way of Cisco’s placement companies – a program that has seen 75 % of contributors uncover their subsequent function. We’re additionally dedicated to continued personalised studying and can present one 12 months of entry to all Cisco U programs and certifications, masking AI, Safety, Networking, and extra.
Whereas we’re lowering roles in some areas, we’re making clear, strategic investments – notably in silicon, optics, safety, and in our staff’ use of AI throughout the corporate. These investments are constructing from a place of power – and specializing in the applied sciences and companies that may speed up our progress, ship unmatched innovation to clients and companions, and outline our future.
To these leaving Cisco, thanks on your contribution, your dedication, and the mark you may have made on this firm. We’re deeply grateful and are dedicated to dealing with this transition with the care, readability, and respect that defines our tradition.
For many who will proceed right here, we’ll talk about these modifications and reply questions on the Cisco Beat on Could 21 at 8 a.m. PT.
We’ve got necessary, impactful, and consequential work forward. Your focus, resilience, and management are very important to our progress and relevance in FY27 and past.
Chuck and the Government Management Workforce
