Cisco cuts workforce for third time in 2 years, pursues AI

{
  "signal_id": "c8faaf09-93e2-ba76-ff77-3350e66bb139",
  "signal_type": "news",
  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2026-10-31T21:17:36+00:00",
  "company": {
    "name": "Cisco",
    "domain": "cisco.com"
  },
  "data": {
    "url": "https://www.techtarget.com/news/Cisco-cuts-workforce-for-third-time-in-2-years-pursues-AI/858670/",
    "title": "Cisco cuts workforce for third time in 2 years, pursues AI - TechTarget",
    "excerpt": "Cisco cuts its workforce by 7% and forms one unit for networking, security and collaboration to energize AI and security sales. It’s the third round of layoffs since 2022. Cisco plans to cut more than 6,000 jobs as the networking company restructures its business to focus on its fastest-growing markets: AI, cybersecurity and cloud. Cisco reported the workforce reduction in its fiscal fourth quarter earnings release on Wednesday. Cisco expects to cut its workforce of 90,400 by 7%, or more than 6,300 jobs. During a conference call with financial analysts, Cisco executives stressed that the layoffs were not to reduce the size of the company's payroll but to reorganize its workforce to be more successful at winning deals. \"We need to pivot more resources into the fastest-growth areas of our business, and we're doing it by finding efficiencies and then reallocating those costs,\" Cisco CFO Scott Herren said. Cisco estimates pre-tax charges for the layoffs, including severance, to reach about $1 billion. Cisco's reorganization includes creating a product group comprising networking, security and collaboration. Executive vice president Jeetu Patel will lead the group effective immediately, CEO Chuck Robbins said. Cisco will add its Splunk security business to the group \"at the right time, bringing our entire product portfolio together as one team.\" Jonathan Davidson, general manager...",
    "summary": "Cisco plans to cut more than 6,300 jobs, or 7% of its workforce, as part of a restructuring to pivot resources toward AI, cybersecurity, and cloud.",
    "planning": true,
    "headcount": 6300,
    "image_url": "https://imgproxy.divecdn.com/c8WsfT4WZlHJ5K0mLVafYUchO9a9CHD_23cy82xss7o/g:ce/rs:fit:770:435/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9UZWNoVGFyZ2V0X2Jsb2ctaGVhZGVyMnguanBn.webp",
    "confidence": 0.95,
    "published_at": "2026-10-31T21:17:36Z",
    "article_sentence": "Cisco expects to cut its workforce of 90,400 by 7%, or more than 6,300 jobs."
  }
}

curl https://signals.autobound.ai/v1/signals/c8faaf09-93e2-ba76-ff77-3350e66bb139 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"cisco.com","limit":20}'