Cisco to Cut 471 California Jobs While Posting Record Q3 Revenue
CSCO•Cisco will cut 471 employees across its San José, Milpitas and San Francisco offices as part of a plan to reduce under 5% of its 86,200 workforce. The company posted record Q3 revenue of $15.8B and net income up 35% year-over-year to $3.4B, reallocating savings to AI investments.
1. Cisco Cuts 471 California Jobs
Cisco plans to eliminate 471 positions across its San José, Milpitas and San Francisco offices, impacting roles in software engineering, product management, design and business operations.
2. Broader Workforce Reduction Plan
This local cut is part of a company-wide initiative to shed fewer than 4,000 roles, representing under 5% of its 86,200-employee workforce as of July 2025.
3. Strong Third-Quarter Results
In its most recent quarter, Cisco generated record revenue of $15.8 billion and net income of $3.4 billion, a 35% increase year-over-year.
4. Focus on AI Investments
Leadership has indicated that cost savings from these cuts will support critical AI infrastructure and tool investments, adjusting the organizational structure to capitalize on AI-driven opportunities.
