Earlier this week, we informed you that General Motors laid off more than 10 percent of its IT employees within the scope of its artificial intelligence transformation. target=”_blank”>we transferred. Before the end of the week, news of a new layoff came from the technology sector.
Cisco announced that it will lay off approximately 4 thousand employees despite announcing revenue and profit above expectations in the third quarter of its fiscal year. Behind this decision, which corresponds to approximately 5 percent of the company’s total workforce, is the aim of increasing investments in artificial intelligence and cyber security.
Cisco, which develops network equipment and enterprise technology solutions, stated that the layoffs are part of the company’s strategy to reshape its cost structure. The company plans to allocate more resources, especially to artificial intelligence infrastructures, data center network technologies and cyber security. The decision stands out as one of the new examples of a trend that has been frequently seen in the technology sector recently.
Cisco’s plan to increase its investments in cyber security also attracts attention. The company has been at the center of criticism in recent years due to security vulnerabilities in its router and firewall products. While it was stated that these vulnerabilities caused unauthorized access to the networks of some corporate customers, Cisco experienced a data breach last year that affected customers’ personal data.
Cisco CEO Chuck Robbins, in his statement, emphasized the company’s record revenue and double-digit growth performance and stated that they made strategic investments that will expand the use of artificial intelligence throughout the company.
On the other hand, it was also noteworthy that Robbins’ total executive compensation for 2025 was over $52 million, according to public company records. In August 2024, Cisco laid off 7 percent of its employees.
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