According to The Wall Street Journal, the networking company said the layoffs are part of a workforce realignment toward higher-growth businesses including artificial intelligence, silicon, optics, and security.
Cisco said it is cutting less than 5% of its workforce as the networking company repositions staff toward higher-growth segments. According to The Wall Street Journal, Cisco said the move is intended to support focus areas including artificial intelligence, silicon, optics, and security. The restructuring reflects a common technology-sector strategy of reducing roles in slower-growth areas while increasing investment in businesses tied to data infrastructure, enterprise computing, and cybersecurity.