Cisco Layoffs 2024. 14, 2024, internet networking pioneer cisco systems announced that more than 4,000 employees are being laid off, joining the parade of technology companies in a trend. The layoffs, which are the company’s second round of job cuts this year, are part of a restructuring plan that will result in about $1 billion of pretax charges.

Us tech giant cisco is planning to cut thousands of workers in what will be its second round of layoffs this year. Cisco systems, one of the largest makers of computer networking equipment, said on wednesday that it would cut 7 percent of its work force in its second major round of layoffs this year.