India, May 14 -- Cisco Systems Inc. (CSCO) announced that it plans a reduction in overall workforce by fewer than 4,000 jobs in the fourth quarter. The planned reduction represents less than 5 percent of its total employee base.
The company noted that most notifications will begin on May 14 and continue globally in alignment with applicable local laws and regulations.
For the impacted employees, leaders will share details directly, including timing, available resources, support, and benefits in each country. This will include pro-rated payment of fiscal 2026 bonuses to impacted employees.
The company added that it will provide support in finding new opportunities, whether internal or external, through Cisco's placement services, which ha...