This afternoon, we shared the next electronic mail with Cisco staff.
—
Staff,
Right now we introduced our Q3 FY26 earnings with file income of $15.8 billion, up 12 p.c 12 months over 12 months, and double-digit high and bottom-line progress. The ELT and I couldn’t be prouder of the expansion you may have 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 world scarcity of parts essential to assist our portfolio and the AI buildout from our prospects.
The businesses that can win within the AI period shall be these with focus, urgency, and the self-discipline to constantly shift funding towards the areas the place demand and long-term worth creation are strongest. I’m assured Cisco shall be a type of winners. This implies making arduous 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 in the present day that can outcome within the discount of our general workforce in This autumn by fewer than 4,000 jobs, representing lower than 5 p.c of our complete 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 straight – together with timing, accessible assets, assist, and advantages in every nation. It will embody pro-rated fee of FY26 bonuses to impacted staff. We’ll present assist to find new alternatives, whether or not inner or exterior, by Cisco’s placement providers – a program that has seen 75 p.c of individuals uncover their subsequent position. We’re additionally dedicated to continued customized studying and can present one 12 months of entry to all Cisco U programs and certifications, protecting AI, Safety, Networking, and extra.
Whereas we’re lowering roles in some areas, we’re making clear, strategic investments – notably 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 can 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 may have 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 talk about these adjustments and reply questions on the Cisco Beat on Could 21 at 8 a.m. PT.
Now we have vital, impactful, and consequential work forward. Your focus, resilience, and management are very important to our progress and relevance in FY27 and past.
Chuck and the Government Management Staff
