Cisco to lay off dozens in Israel as restructuring hits local operations
The tech giant says it is adapting to “changing needs” across the organization.
Cisco Israel is preparing to lay off dozens of employees, most of them at the company’s development center in Netanya. Cisco currently employs roughly 800 people in Israel.
In a statement, the company said: “Cisco is conducting an ongoing review of its operations in an effort to streamline and adapt to the changing needs of customers and the organization. As part of this process, there may be adjustments or changes in roles and staffing from time to time. The company is aware of the sensitivity required and is working to support the affected employees as needed.”
Cisco Systems announced last August that it planned to cut about 7 percent of its global workforce. The company also laid off more than 200 employees in San Francisco in August of this year.
The networking equipment maker last week raised its annual profit and revenue forecast on robust cloud demand.
Cisco, a key supplier to cloud, enterprise and telecom customers, has been riding a wave of AI-driven infrastructure spending as businesses accelerate cloud migrations and upgrade campus networks, which has propelled its shares to gain around 30% this year.
CEO Chuck Robbins said last week that the company secured more than $2 billion in AI-related orders for fiscal 2025, nearly all from hyperscalers, and expects $3 billion in AI infrastructure revenue in fiscal 2026.
AI infrastructure orders from hyperscalers totaled $1.3 billion during the quarter ended October 25.
Cisco expects fiscal 2026 revenue between $60.2 billion and $61 billion, compared with $59 billion to $60 billion projected earlier.
