Our Path Forward – Cisco Blogs
This afternoon, we shared the next electronic mail with Cisco workers.
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Team,
Today we introduced our Q3 FY26 earnings with document income of $15.8 billion, up 12 % 12 months over 12 months, and double-digit high and backside-line development. The ELT and I couldn’t be happy with 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 crucial to help our portfolio and the AI buildout from our prospects.
The corporations that may win within the AI period can be these with focus, urgency, and the self-discipline to constantly shift funding towards the areas the place demand and lengthy-time period worth creation are strongest. I’m assured Cisco can be a kind of winners. This means making arduous selections – about the place we make investments, how we’re organized, and the way our price construction displays the chance in entrance of us.
With this, we’re making adjustments at this time that may outcome within the discount of our total workforce in This fall by fewer than 4,000 jobs, representing lower than 5 % of our whole worker base. Most notifications will start on May 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, out there sources, help, and advantages in every nation. This will embrace professional-rated fee of FY26 bonuses to impacted workers. We will present help find new alternatives, whether or not inner or exterior, by means of Cisco’s placement companies – a program that has seen 75 % of individuals uncover their subsequent function. We are additionally dedicated to continued personalised studying and can present one 12 months of entry to all Cisco U programs and certifications, overlaying AI, Security, Networking, and extra.
While we’re decreasing roles in some areas, we’re making clear, strategic investments – significantly in silicon, optics, safety, and in our workers’ use of AI throughout the corporate. These investments are constructing from a place of energy – and specializing in the applied sciences and companies that may speed up our development, ship unmatched innovation to prospects and companions, and outline our future.
To these leaving Cisco, thanks to your contribution, your dedication, and the mark you’ve got made on this firm. We are deeply grateful and are dedicated to dealing with this transition with the care, readability, and respect that defines our tradition.
For those that will proceed right here, we’ll focus on these adjustments and reply questions on the Cisco Beat on May 21 at 8 am PT.
We have necessary, impactful, and consequential work forward. Your focus, resilience, and management are important to our development and relevance in FY27 and past.
Chuck and the Executive Leadership Team
