This afternoon, we shared the next e-mail with Cisco staff.
—
Crew,
At the moment we introduced our Q3 FY26 earnings with report income of $15.8 billion, up 12 % yr over yr, and double-digit high and bottom-line progress. The ELT and I couldn’t be prouder of the expansion you’ve all delivered for Cisco.
These outcomes are much more spectacular given the complicated surroundings we’re working in – a quickly altering market, with intensifying competitors, and a worldwide scarcity of parts vital to help our portfolio and the AI buildout from our prospects.
The businesses that may win within the AI period can 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 can be a type of winners. This implies making exhausting choices – 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 the moment that may consequence within the discount of our general workforce in This fall by fewer than 4,000 jobs, representing lower than 5 % of our whole worker base. Most notifications will start on Might 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 can embody pro-rated cost of FY26 bonuses to impacted staff. We’ll present help to find new alternatives, whether or not inner or exterior, by way of Cisco’s placement providers – a program that has seen 75 % of members uncover their subsequent function. We’re additionally dedicated to continued customized studying and can present one yr of entry to all Cisco U programs and certifications, masking AI, Safety, Networking, and extra.
Whereas we’re lowering 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 energy – and specializing in the applied sciences and companies that may speed up our progress, 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 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’ll focus on these adjustments and reply questions on the Cisco Beat on Might 21 at 8 a.m. PT.
We’ve got vital, impactful, and consequential work forward. Your focus, resilience, and management are important to our progress and relevance in FY27 and past.
Chuck and the Government Management Crew
