Cisco Systems Layoffs 2024. Cisco systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of. The layoffs allow cisco to maintain focus on growth areas such as software, services, ai and cybersecurity, while balancing its financial obligations and reducing the.
After tech giant cisco announced plans for its second round of layoffs this year, employees tell techcrunch that they will not know if they are affected for close to a month. Plans to eliminate thousands more jobs in a second round of layoffs this year, reuters reported, as the networking equipment maker shifts its focus to faster.