Cisco announces a realignment of resources to support strategic investment areas and a workforce reduction. Cisco announces a realignment of resources to support strategic investment areas and a workforce reduction.

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Cisco CEO Chuck Robbins announced a workforce reduction of fewer than 4,000 employees (less than 5% of total headcount) in Q4, alongside record Q3 FY26 revenue of $15.8 billion (up 12% YoY). The layoffs are part of a strategic realignment to concentrate investment in silicon, optics, security, and AI. Affected employees will receive pro-rated FY26 bonuses, placement support, and one year of access to Cisco U training courses.

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