Cisco to layoff more than 400 employees amid AI-led restructuring

Cisco will eliminate 471 jobs across its California offices, with the layoffs taking effect on July 13. The cuts will impact multiple departments, including software development, product management, and business operations. Last month, Cisco announced plans to reduce nearly 4,000 positions, or about 5% of its global workforce, as part of a restructuring aimed at increasing investments in AI.