Cisco Layoffs 2024 Rtp. 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. Cisco employs nearly 85,000 people, according to the company’s most recent annual report, meaning that more than 4,000 workers will likely be affected by layoffs.
On wednesday, cisco announced it will lay off around 7% of its global workforce in a move that will impact several thousand employees. Cisco will spend between $700 million and $800 million in the first quarter of its 2025 fiscal year.
