Cisco, LinkedIn to cut thousands of jobs in latest tech layoffs
Cisco announced plans to cut around 4,000 jobs (5% of its workforce) as it shifts focus toward AI, with layoff notifications starting Thursday. LinkedIn separately plans to lay off 5% of its roughly 17,500 employees, totaling about 875 jobs, citing regular business planning rather than AI-driven restructuring.
Cisco will cut approximately 4,000 jobs—less than 5% of its workforce—by the end of Q4, according to a memo from CEO Chuck Robbins. The layoffs reflect a strategic pivot toward artificial intelligence and cybersecurity, with Robbins emphasizing the need for "focus, urgency, and discipline" in investment. Affected employees will receive prorated fiscal 2026 bonuses and job transition support, while notifications begin Thursday. LinkedIn plans to lay off 5% of its staff, totaling around 875 jobs, though the cuts are not tied to AI, Reuters reported. The company, which employs roughly 17,500 full-time workers, cited "regular business planning" for the restructuring. Layoff notifications will start Wednesday, according to a LinkedIn representative. Both companies are headquartered in California’s Bay Area, with Cisco based in San Jose and LinkedIn in Sunnyvale. Cisco’s stock surged 15% following the announcement, reflecting investor confidence in its strategic realignment. The layoffs underscore broader trends in the tech sector, where companies are restructuring amid rising demand for AI-driven solutions. Cisco’s move aligns with its goal to prioritize high-value areas, while LinkedIn’s cuts appear part of routine operational adjustments rather than a response to market pressures.
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