Editing Cisco (section)

=== 2013–present ===
[[File:Cavaco na California.jpg|thumb|right|Former Portuguese President [[Aníbal Cavaco Silva|Cavaco Silva]], former Cisco CEO [[John T. Chambers|John Chambers]] and Cisco Senior Director of Innovation [[Helder Antunes]], during the 2011 presidential visit to the US]]
On July 23, 2013, Cisco Systems announced a definitive agreement to acquire [[Sourcefire]] for $2.7 billion.<ref>{{cite web|author=Worldwide |url=http://www.cisco.com/web/about/ac49/ac0/ac1/ac259/sourcefire.html |title=Cisco Announces Agreement to Acquire Sourcefire Inc. – Cisco Systems |work=Cisco.com |access-date=July 24, 2013}}</ref> On August 14, 2013, Cisco Systems announced it would cut 4,000 jobs from its workforce, which was roughly 6%, starting in 2014.<ref>{{cite news | url=https://money.cnn.com/2013/08/14/technology/enterprise/cisco-earnings/index.html?section=money_topstories | title=Cisco to cut 4,000 jobs | work=CNN Money | access-date=August 14, 2013}}</ref> At the end of 2013, Cisco announced poor revenue due to depressed sales in emerging markets, caused by economic uncertainty and by fears of the [[National Security Agency]] planting backdoors in its products.<ref>{{cite web|url=http://www.pcworld.com/article/2063440/cisco-issues-grim-forecast-after-falling-short-on-revenue.html|title=Cisco issues grim forecast after falling short on revenue|first=Stephen |last=Lawson|date=November 13, 2013|work=PCWorld|access-date=January 5, 2016}}</ref>

In April 2014, Cisco announced funding for early-stage firms to focus on the Internet of Things. The investment fund was allocated to investments in IoT accelerators and startups such as The Alchemist Accelerator, Ayla Networks and [[EVRYTHNG]].<ref>{{Cite web|url=https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1412019|title=Cisco Investments Allocates $150 Million to Fund Early-Stage Firms Around the Globe|language=en-US|access-date=November 27, 2018}}</ref> Later that year, the company announced it was laying off another 6,000 workers or 8% of its global workforce, as part of a second restructuring.<ref name="CiscoRestructure">{{cite news|url=http://www.sanjosenews.net/index.php/sid/224722011|title=Cisco to lay off 6,000 workers in second restructuring|date=August 13, 2014|access-date=August 14, 2014|publisher=San Jose News}}</ref> On November 4, 2014, Cisco announced an investment in [[Stratoscale]].<ref>{{cite web | url=http://www.crn.com/news/storage/300074674/cisco-intel-invest-in-hyper-converged-infrastructure-player-stratoscale.htm?itc=refresh | title=Cisco, Intel Invest In Hyper-Converged Infrastructure Player Stratoscale | publisher=Crn.com | date=November 4, 2014 | access-date=January 3, 2016 | first=Joseph F. |last=Kovar}}</ref>

On May 4, 2015, Cisco announced [[Chief executive officer|CEO]] and Chairman [[John Chambers (CEO)|John Chambers]] would step down as CEO on July 26, 2015, but remain chairman. [[Chuck Robbins]], senior vice president of worldwide sales & operations and 17-year Cisco veteran, was announced as the next CEO.<ref name="newCEO">{{cite news|title=Cisco's Chambers to step down as CEO, to be executive chairman|url=https://finance.yahoo.com/news/ciscos-chambers-step-down-ceo-125209673.html|date=May 4, 2015|access-date=May 4, 2015|agency=Reuters}}</ref> On July 23, 2015, Cisco announced the divestiture of its television set-top-box and [[cable modem]] business to [[Technicolor SA]] for $600 million,<ref>{{Cite web|title=Cisco sells set-top box business to Technicolor for $600 million|url=https://fortune.com/2015/07/23/cisco-sells-set-top-box-business-technicolor-600-million/|access-date=2020-07-08|website=Fortune}}</ref> a division originally formed by Cisco's $6.9 billion purchase of [[Scientific Atlanta]]. The deal came as part of Cisco's gradual exit from the consumer market, and as part of an effort by Cisco's new leadership to focus on cloud-based products in enterprise segments. Cisco indicated that it would still collaborate with Technicolor on video products.<ref name="wsj-stbsale">{{cite news|title=Technicolor to Buy Cisco's Set-Top Box Unit for About $600 Million|url=https://www.wsj.com/articles/technicolor-to-buy-cisco-set-top-box-unit-for-about-600-million-1437628660|access-date=July 25, 2015|work=The Wall Street Journal|date=July 22, 2015}}</ref> On November 19, 2015, Cisco, alongside [[ARM Holdings]], [[Dell]], [[Intel]], [[Microsoft]] and [[Princeton University]], founded the [[OpenFog Consortium]], to promote interests and development in [[fog computing]].<ref>{{Cite news|url=https://www.forbes.com/sites/janakirammsv/2016/04/18/is-fog-computing-the-next-big-thing-in-internet-of-things/2/#1971ac3a34c9|title=Is Fog Computing the Next Big Thing in the Internet of Things|last=Janakiram|first=MSV|date=April 18, 2016|work=Forbes Magazine|access-date=April 18, 2016}}</ref>

In January 2016, Cisco invested in VeloCloud, a software-defined WAN (SD-WAN) start-up with a cloud offering for configuring and optimizing branch office networks. Cisco contributed to VeloCloud's $27 million Series C round, led by March Capital Partners.<ref>{{cite web |first=Jim |last=Duffy |work=Network World |url=https://www.networkworld.com/article/947032/cisco-puts-its-money-where-the-wan-is.html |title=Cisco puts its money where the WAN is |archive-url=https://web.archive.org/web/20240426184042/https://www.networkworld.com/article/947032/cisco-puts-its-money-where-the-wan-is.html |archive-date=April 26, 2024 |date=January 14, 2016 |url-status=live |access-date=January 18, 2016}}</ref>

In February 2017, Cisco launched a cloud-based secure internet gateway, called Cisco Umbrella, to provide safe internet access to users who do not use their corporate networks or VPNs to connect to remote data centers.<ref>{{cite web |last=Earls |first=Eamon McCarthy |date=February 16, 2017 |url=http://searchnetworking.techtarget.com/news/450413144/Cisco-opens-Umbrella-a-cloud-based-secure-internet-gateway |title=Cisco opens Umbrella, a cloud-based secure internet gateway |work=[[TechTarget]] |access-date=February 17, 2017}}</ref> Immediately after reporting their fourth-quarter earnings for 2017, Cisco's price-per-share value jumped by over 7%, while its [[earnings per share]] ratio increased from 60 to 61 cents per share, due in part to Cisco's outperformance of analyst expectations.<ref>{{cite web |url=https://www.cnbc.com/2017/11/16/cisco-csco-stock-up-after-earnings-for-q1-2018.html |first=Anita |last=Balakrishnan |date=November 16, 2017 |title=Cisco stock pops 5% as earnings beat, solidifying a transformation toward the cloud |work=CNBC |access-date=November 16, 2017}}</ref> In September 2017, Chambers announced that he would step down from the executive chairman role at the end of his term on the board in December 2017.<ref>{{cite web |url=https://www.sec.gov/Archives/edgar/data/858877/000119312517286857/d458120dex991.htm |title=EX-99.1 |publisher=Sec.gov |access-date=August 13, 2018}}</ref> On December 11, 2017, Robbins was elected to succeed Chambers as executive chairman while retaining his role as CEO, and Chambers was given the title of "Chairman Emeritus".<ref>{{cite web |first=Julie |last=Bort |url=http://www.businessinsider.com/john-chambers-resigns-as-cisco-chairman-hints-at-a-next-chapter-2017-9 |title=John Chambers resigns as Cisco chairman, hints at a 'next chapter' |website=Business Insider |date=September 18, 2017 |access-date=August 13, 2018}}</ref><ref>{{cite press release|url=https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1879710 |title=Cisco Executive Chairman John Chambers Notifies Board of Directors that he Will Not Stand for Re-Election |publisher=Cisco |date=September 18, 2017 |access-date=August 13, 2018}}</ref>

Reuters reported that "Cisco Systems Inc's (CSCO.O) product revenue in [[Russia]] grew 20 percent in 2017, ahead of Cisco's technology product revenue growth in the other so-called BRIC countries of [[Brazil]], [[China]] and [[India]]."<ref>{{cite news |title=Factbox: U.S. companies with exposure to Russia |url=https://www.reuters.com/article/us-usa-russia-sanctions-companies-factbo/factbox-u-s-companies-with-exposure-to-russia-idUSKBN1KU2L8 |work=Reuters |date=August 9, 2018}}</ref><ref>{{cite news |title=U.S. companies with exposure to Russia |url=https://www.reuters.com/article/us-usa-russia-sanctions-companies/factbox-u-s-companies-with-exposure-to-russia-idUSKBN1HK2N0 |work=Reuters |date=April 13, 2018}}</ref>

On May 1, 2018, Cisco Systems agreed to buy AI-driven business intelligence startup Accompany for $270 million.<ref>{{Cite news|url=https://www.reuters.com/article/brief-cisco-says-will-acquire-accompany/brief-cisco-says-will-acquire-accompany-for-270-million-in-cash-idUSASC09YQR|title=Cisco Says Will Acquire Accompany For $270 Million In Cash|work=Reuters|access-date=May 21, 2018|date=May 1, 2018}}</ref><ref>{{cite web|url=https://www.bizjournals.com/sanjose/news/2018/05/01/cisco-to-buy-silicon-valley-ai-driven-business.html|title=Cisco to buy Silicon Valley AI-driven business intelligence startup for $270M|website=Silicon Valley Business Journal|date=May 1, 2018 |access-date=May 21, 2018}}</ref> As of June 2018, Cisco Systems ranked 444th on Forbes Global 2000 list, with $221.3 billion market cap.<ref>{{Cite news|url=https://www.forbes.com/companies/cisco-systems/|title=Cisco Systems on the Forbes Global 2000 List|work=Forbes|access-date=June 27, 2018|language=en}}</ref>

In 2019, Cisco acquired CloudCherry, a customer experience management company, and Voicea, an artificial intelligence company.<ref>{{Cite web|url=https://www.bizjournals.com/sanjose/news/2019/08/06/cisco-to-acquire-mountain-view-startup-that-addsai.html|title=Cisco to acquire Mountain View startup that adds AI-powered transcription to Webex |last=Levitsky|first=Allison|date=6 August 2019|website=Silicon Valley Business Journal|access-date=2020-04-10}}</ref><ref>{{Cite web|url=https://finance.yahoo.com/news/cisco-closes-cloudcherry-buyout-boosts-110611068.html|title=Cisco Closes CloudCherry Buyout, Boosts Customer Experience|website=finance.yahoo.com|date=October 15, 2019 |language=en-US|access-date=2020-04-10}}</ref><ref>{{Cite web|url=https://www.cnbc.com/2019/11/13/cisco-csco-earnings-q1-2020.html|title=Cisco stock falls as it forecasts revenue decline|last=Novet|first=Jordan|date=2019-11-13|website=CNBC|language=en|access-date=2020-04-10}}</ref>

In 2019, Cisco also introduced the "Silicon One" [[Application-specific integrated circuit|ASIC chip]] with the G100 model reaching a speed of 25.6&nbsp;Tbit/s.<ref>{{cite web |last1=Cooney |first1=Michael |title=Cisco powers up Nexus switch, offers 800GB optic modules |url=https://www.networkworld.com/article/3676575/cisco-powers-up-nexus-switch-offers-800gb-optic-modules.html |website=Network World |date=October 18, 2022}}</ref> The Silicon One competes against the Tomahawk series by [[Broadcom Corporation|Broadcom]] the [[Nvidia|Nvidia Spectrum]], the [[Marvell Technology|Marvell Teralynx]] and the [[Intel]] Tofino.<ref>{{Cite arXiv|last1=Saquetti |first1=Mateus |last2=Brum |first2=Raphael M. |last3=Zatt |first3=Bruno |last4=Pagliarini |first4=Samuel |last5=Cordeiro |first5=Weverton |last6=Azambuja |first6=Jose R. |title=A Terabit Hybrid FPGA-ASIC Platform for Switch Virtualization |date=May 20, 2021 |class=cs.AR |eprint=2105.09696}}</ref> In 2023, the Silicon One G200 will offer a speed of 51.2&nbsp;Tbit/sec.<ref>{{cite web | url=https://www.theregister.com/AMP/2023/06/22/cisco_51t_switch_asic/ | title=Cisco challenges Broadcom, Nvidia with 51.2Tbit switch ASIC of its own }}</ref>

In March 2020, SVP and GM of Enterprise Networking David Goeckeler left to become CEO of [[Western Digital]]. and was replaced by Todd Nightingale, head of [[Cisco Meraki]].<ref>{{Cite web|url=https://www.bizjournals.com/sanjose/news/2020/03/05/david-goeckeler-cisco-western-digital.html|title=Cisco exec named CEO of Western Digital as Cisco tells employees about its 'next phase of strategy'|last=Levitsky|first=Allison|date=5 March 2020|website=Silicon Valley Business Journal|access-date=2020-04-10}}</ref> In October 2022, Cisco announced a partnership adding the Microsoft Teams app to its meeting devices.<ref>{{Cite news |last=Lee |first=Jane Lanhee |date=2022-10-12 |title=Cisco partners with Microsoft to add Teams to its meeting devices |language=en |work=Reuters |url=https://www.reuters.com/technology/cisco-partners-with-microsoft-add-teams-its-meeting-devices-2022-10-12/ |access-date=2022-11-23}}</ref>

In 2022, Cisco completely curtailed sales of its equipment in Russia due to [[Russian invasion of Ukraine]], and completely discontinued service for already-sold devices. In April 2023, it became known that the company had destroyed equipment, spare parts, and even vehicles and office furniture worth 1.86 billion rubles (about $23 million) due to the impossibility of re-exporting.<ref>{{Cite web|url=https://meduza.io/news/2023/04/05/cisco-pered-uhodom-iz-rossii-unichtozhila-zapchasti-pochti-na-dva-milliarda-rubley|title=Cisco перед уходом из России уничтожила запчасти почти на два миллиарда рублей|language=ru|date=2023-04-05|website=[[Meduza]]}}</ref> In February 2023, Cisco also wrote off the debt of the Russian mobile operator [[MTS (network provider)|MTS]] in the amount of 1.234 billion rubles. As expected, these are unpaid amounts for previous equipment deliveries.<ref>{{Cite web|url=https://www.rbc.ru/technology_and_media/18/04/2023/643ecfef9a79475701588d4c|title=Cisco списала долг МТС более чем на ₽1 млрд|language=ru|date=2023-04-18|website=RBC}}</ref> In 2023, Cisco announced plans to begin manufacturing equipment in India.<ref>{{cite web |url=https://www.reuters.com/technology/cisco-manufacture-india-diversification-move-2023-05-10/ |title=Cisco to begin manufacturing from India in diversification move |work=Reuters |date=10 May 2023 |access-date=3 April 2024}}</ref>

On 15 February 2024, Cisco announced it would lay off more than 4,000 employees, or 5% of its global workforce, and lowered its annual revenue forecast due to economic challenges and reduced demand from telecom and cable service providers.<ref>{{Cite web |last=Sriram |first=Akash |date=14 February 2024 |title=Cisco to cut more than 4,000 jobs, lowers annual revenue forecast |url=https://www.reuters.com/technology/cisco-lay-off-5-workforce-2024-02-14/ |access-date=15 February 2024 |website=Reuters}}</ref><ref>{{Cite web |last=Novet |first=Jordan |date=2024-02-14 |title=Cisco says it's cutting 5% of global workforce, amounting to over 4,000 jobs |url=https://www.cnbc.com/2024/02/14/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html |access-date=2024-02-14 |website=CNBC |language=en}}</ref>

On 24 April 2024, Chuck Robbins, CEO of Cisco, met with [[Pope Francis]] and signed the Rome Call for AI ethics at the Vatican, endorsing the document's principles for responsible and ethical AI use.<ref>{{Cite web |date=2024-04-24 |title=Tech giant Cisco sign's Vatican pledge for ethical AI development |url=https://international.la-croix.com/ethics/tech-giant-cisco-signs-vatican-pledge-for-ethical-ai-development |access-date=2024-04-26 |website=La croix international |language=en}}</ref>