Cisco Restructuring Layoffs 2024. Cisco said it would let go of 5% of employees, which works out to around 4,250 people. Cisco says it’s cutting 5% of global workforce, amounting to over 4,000 jobs.
Cisco systems confirmed massive layoffs wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion. 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,.