Cisco workforce reductions
blogs.cisco.com
May 14, 2026
2 min read
🔥🔥🔥🔥🔥
61/100
Summary
Cisco reported Q3 FY26 earnings of $15.8 billion, reflecting a 12 percent year-over-year increase, alongside double-digit growth in both revenue and profit. The company acknowledged challenges such as a rapidly changing market, intensifying competition, and a global component shortage.
Key Takeaways
- Cisco announced record Q3 FY26 earnings of $15.8 billion, reflecting a 12 percent year-over-year growth.
- The company will reduce its workforce by fewer than 4,000 jobs, which is less than 5 percent of its total employee base.
- Cisco is making strategic investments in silicon, optics, security, and AI to drive future growth and innovation.
- Employees impacted by the job reductions will receive support, including pro-rated bonuses and access to Cisco U courses for one year.
Coverage & discussions
Hacker News · blogs.cisco.com
Community discussions
Community Sentiment
Positives
- Cisco's record revenue growth of 12% year over year indicates strong market performance, which could lead to future investments in AI and technology advancements.
- The increase in stock value by 20% after hours suggests that investors still have confidence in Cisco's long-term strategy despite the layoffs.
Concerns
- Frequent layoffs at Cisco create an environment of job insecurity, which can demotivate employees and affect overall productivity.
- The perception that companies must lay off workers to appease investors reflects a troubling trend where AI-driven productivity gains lead to job losses rather than growth opportunities.
