Cisco cuts 5,900 jobs to refocus on AI and Cyber
What’s happening at Cisco?
Cisco Systems is laying off 7% of its workforce, or roughly 5,900 employees, in its second round of job cuts this year. Multiple employees report that the mass layoff occurred on or around Sep. 16. The move aligns with Cisco’s focus on expanding into rapidly growing areas like artificial intelligence (AI) and cybersecurity. The technology company released its Q4 and fiscal year 2024 earnings today.
In February, Cisco laid off approximately 4,000 employees globally.
Official statements and context
- Cisco is restructuring its workforce to focus on growth in AI and cybersecurity.
- The company previously announced $1 billion in investments in AI startups, including Cohere, Mistral, and Scale.
- A recent partnership with Nvidia aims to develop AI infrastructure.
Layoffs in Canada
It remains unclear exactly how many Cisco employees in Canada will lose their job as a result of this layoff.
If you’re a non-unionized employee, check out our Cisco Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.
Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.
If you’ve lost your job at Cisco for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.
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Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and should not be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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