CSCO · 10-K · 2025A · Full report
Restructuring and Headcount
CISCO SYSTEMS, INC. · 2025-09-03 · Importance 51 · Surprise 50
Total restructuring and other charges included in operating expenses were $744 million in fiscal 2025 and $789 million in fiscal 2024.,In the first quarter of fiscal 2025 the company announced a restructuring plan expected to impact approximately 7% of its global workforce with estimated pre-tax charges of approximately $1 billion; charges of $744 million were incurred in fiscal 2025 against that plan.,The company expects the fiscal 2025 restructuring plan to be substantially completed by the end of the second quarter of fiscal 2026.
Key facts
- First-quarter fiscal 2025 restructuring plan expected to impact approximately 7% of global workforce with estimated pre-tax charges of approximately $1 billion; incurred charges of $744 million during fiscal 2025 and expected plan substantially completed by end of second quarter fiscal 2026.
- Restructuring and other charges recognized in operating expenses: $744 million in fiscal 2025 and $789 million in fiscal 2024.
- Third-quarter fiscal 2024 restructuring plan incurred charges of $654 million for fiscal 2024 and that plan is complete.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -1.2% | First-quarter fiscal 2025 restructuring plan expected to impact approximately 7% of global workforce with estimated pre-tax charges of… |
| operating_income | negative | committed | -0.4% | First-quarter fiscal 2025 restructuring plan expected to impact approximately 7% of global workforce with estimated pre-tax charges of… |