Cisco to cut 7% of jobs globally as it pursues AI, cybersecurity

NEW DELHI: Cisco will cut 7% of its workforce globally as the US telecom gear maker seeks to invest in high-growth areas such as artificial intelligence (AI), cloud, and cybersecurity.

“We remain laser-focused on growth and consistent execution as we invest to win in AI, cloud, and cybersecurity. To focus on these key priority areas, today, we announced a restructuring plan to allow us to both invest in key growth opportunities, as well as drive more efficiency in our business,” Charles H. Robbins, Chairman and Chief Executive Officer of Cisco, said at the company’s Q4 2024 post-earnings call with analysts.