This afternoon, we shared the next electronic mail with Cisco staff.
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Crew,
At present we introduced our Q3 FY26 earnings with file income of $15.8 billion, up 12 p.c yr over yr, and double-digit prime and bottom-line development. 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 advanced atmosphere we’re working in – a quickly altering market, with intensifying competitors, and a worldwide scarcity of elements important to help our portfolio and the AI buildout from our clients.
The businesses 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 long-term worth creation are strongest. I’m assured Cisco can be a kind of winners. This implies making laborious choices – about the place we make investments, how we’re organized, and the way our value construction displays the chance in entrance of us.
With this, we’re making modifications at the moment that may consequence within the discount of our general workforce in This autumn by fewer than 4,000 jobs, representing lower than 5 p.c of our whole worker base. Most notifications will start on Might 14 and proceed globally in alignment with relevant native legal guidelines and laws. For workers whose roles are impacted, leaders will share particulars instantly – together with timing, accessible sources, help, and advantages in every nation. It will embody pro-rated cost of FY26 bonuses to impacted staff. We’ll present help to find new alternatives, whether or not inside or exterior, by Cisco’s placement providers – a program that has seen 75 p.c of contributors uncover their subsequent function. We’re additionally dedicated to continued personalised studying and can present one yr of entry to all Cisco U programs and certifications, overlaying AI, Safety, Networking, and extra.
Whereas we’re decreasing 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 development, ship unmatched innovation to clients and companions, and outline our future.
To these leaving Cisco, thanks in 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 many who will proceed right here, we’ll focus on these modifications and reply questions on the Cisco Beat on Might 21 at 8 a.m. PT.
Now 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 Government Management Crew