The announcement was made in an earnings call for Cisco's fourth fiscal quarter for 2024, where its revenue of $13.64bn was above estimates. In an earnings call, CEO Chuck Robbins said the company is "laser focused" on growth and is investing to "win in AI, cloud and cybersecurity". "we announced a restructuring plan to allow us to both invest in key growth opportunities as well as drive more efficiency in our business," Robbins said. The restructuring effort could impact Irish jobs - Cisco has offices in Dublin and Galway. When asked exactly how many employees will be impacted, Cisco CFO Scott Herren said it is not that simple and that it should be viewed as a "reallocation versus a headcount savings". "In some cases, the efficiencies that we're going to get will be by moving into lower cost locations," Herren said. Cisco has been expanding into certain sectors more aggressively, as it snapped up cybersecurity company Splunk in a deal valued at $28bn last year.