Cisco Layoffs 2024. Cisco confirmed massive layoffs wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion and affect upwards of 6,000 people,. Cisco said in its august statement that its second layoff of the year would allow the company to “invest in key growth opportunities and drive more efficiencies.”
Cisco said in its august statement that its second layoff of the year would allow the company to “invest in key growth opportunities and drive more efficiencies.” 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.