Cisco Announces Second Round of Major Layoffs This Year

The company shifts focus to cybersecurity and AI amid ongoing tech industry challenges.

Cisco plans to cut thousands of jobs in a new round of layoffs, similar to the 4,000 jobs cut in February.
The layoffs are part of a strategic shift towards higher-growth sectors like cybersecurity and artificial intelligence.
This move follows the $28 billion acquisition of cybersecurity firm Splunk to boost subscription business.
Cisco's layoffs reflect broader tech industry trends, with over 126,000 layoffs across 393 companies this year.
CEO Chuck Robbins aims to transform Cisco from a hardware-focused company to a provider of networking services and software.