This afternoon, we shared the next e-mail with Cisco staff.
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Workforce,
At the moment we introduced our Q3 FY26 earnings with report income of $15.8 billion, up 12 p.c 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’ve got all delivered for Cisco.
These outcomes are much more spectacular given the complicated setting we’re working in – a quickly altering market, with intensifying competitors, and a worldwide scarcity of parts vital to assist our portfolio and the AI buildout from our clients.
The businesses that may win within the AI period might 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 might be a type of winners. This implies making exhausting selections – about the place we make investments, how we’re organized, and the way our value construction displays the chance in entrance of us.
With this, we’re making modifications right now that may consequence within the discount of our general workforce in This fall by fewer than 4,000 jobs, representing lower than 5 p.c 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 instantly – together with timing, accessible assets, assist, and advantages in every nation. It will embody pro-rated cost of FY26 bonuses to impacted staff. We are going to present assist find new alternatives, whether or not inner or exterior, by way of Cisco’s placement providers – a program that has seen 75 p.c of members uncover their subsequent function. We’re additionally dedicated to continued customized studying and can present one 12 months of entry to all Cisco U programs and certifications, overlaying AI, Safety, Networking, and extra.
Whereas we’re decreasing roles in some areas, we’re making clear, strategic investments – significantly 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’ve got 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 individuals who will proceed right here, we are going to talk about these modifications and reply questions on the Cisco Beat on Could 21 at 8 a.m. PT.
We’ve got essential, impactful, and consequential work forward. Your focus, resilience, and management are important to our progress and relevance in FY27 and past.
Chuck and the Govt Management Workforce
