Six months earlier, in February, Cisco announced 4,200 job cuts in a move that cost the company an estimated $800 million in pre-tax charges.
Cisco is trying to move more quickly into three core areas – AI networking, security and collaboration – and wants to use the current restructuring to pump more resources into those growth areas, said CEO Chuck Robbins during the company’s fiscal fourth-quarter financial call.
At part of the restructuring, Cisco is combining its networking, security and collaboration teams into one group led by Jeetu Patel, Cisco’s executive vice president and chief product officer.
