Cisco Layoffs 2024. Cisco had said in february it would cut 5% of its global workforce, or more than 4,000. Thousands of workers were laid off by cisco early this month, prompting frustrated staffers to take to online forums.
Cisco systems inc., the largest maker of networking equipment, plans to cut thousands of jobs after a slowdown in corporate tech spending wiped out its sales growth. Cisco — a company best known for making much of the technology that connects the internet — expects its reorganization to cost an additional $800 million.