Cisco cuts thousands of jobs as it shifts focus to AI and cybersecurity

Cisco wants to switch focus to AI (Alamy/PA)

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year as the company shifts its focus to more rapidly growing areas in technology such as artificial intelligence and cybersecurity.

The company based in San Jose, California, did not specify the number of jobs it is cutting.