Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Cisco lays off thousands as it shifts focus to AI, cybersecurity
    technological connection-0815
    technological connection-0815
    AI

    Cisco lays off thousands as it shifts focus to AI, cybersecurity

    By Iydia DingAugust 15, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Cisco plans to lay off 7% of its workforce, or about 5,900 people, to move into AI and cybersecurity.
    • Despite a drop in fiscal fourth-quarter earnings, the stock is up, and earnings and revenue are expected to grow modestly in the current quarter.

    OUR TAKE
    Layoffs are both a challenge and an opportunity for Cisco. It may affect core functions and business continuity, lower the morale of current employees, and raise public opinion issues. At the same time, however, it can help reduce costs, improve efficiencies, facilitate focus on the core business, and provide opportunities for organisational restructuring and innovation. Cisco needs to ensure that the downsizing process is fair and equitable, and that it is used to drive long-term stability.
    — Iydia Ding, BTW reporter

    What happened

    Cisco plans to lay off 7 per cent of its workforce, or about 5,900 people, in the company’s second round of job cuts this year as it shifts its focus to technology in fast-growing areas such as AI and cybersecurity. Cisco’s shares rose despite a drop in earnings in the company’s fiscal fourth quarter, with earnings and revenue expected to grow modestly in the current fiscal quarter.

    The San Jose, California-based company did not specify the number of layoffs. In February, Cisco announced it would lay off about 4,000 workers. The networking equipment maker also said in June that as of July 2023, it had 84,900 employees. Based on that figure, the number of layoffs would be about 5,900.

    It will invest $1 billion in tech startups such as Cohere, Mistral and Scale to develop reliable AI products. The company also recently announced a partnership with Nvidia to develop infrastructure for AI systems.

    Also read: Intel to lay off 15,000 employees amid financial challenges

    Also read: Google lays off at least 100 jobs across its cloud unit

    Why it’s important

    Layoffs can have a multifaceted impact on Cisco’s long-term growth, presenting both challenges and opportunities.

    The loss of human resources may affect the company’s core functions and key positions, which in turn may affect the functioning of the organisation and business continuity. Improper layoff operations may affect the motivation of current employees and cause a public outcry.

    But optimistically, layoffs can help reduce labour costs, improve efficiency and profitability, and drive the company to focus more on its core business and key areas. In addition, layoffs may also be an opportunity for the business to make organisational restructuring and changes, providing an opportunity for the business to introduce creative thinking and flexibility to promote change and innovation.

    Therefore, Cisco needs to appropriately handle various issues in the process of layoffs to ensure the fairness, impartiality and transparency of layoff decisions, and at the same time use the process to drive organisational development and change for long-term stable development.

    AI Cisco Cybersecurity
    Iydia Ding

    Iydia Ding is a intern reporter at BTW Media covering products. She studing at Shanghai International Studies University. Send tips to i.ding@btw.media.

    Related Posts

    Cloud Innovation calls for AFRINIC wind-up after ‘impossible’ election standards

    July 11, 2025

    Fimnet: Enabling Kenya’s Digital Growth

    July 11, 2025

    CoLi Link Ghana Limited: Pioneering connectivity

    July 11, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.