Cisco Layoffs In 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. The layoffs, expected to be announced next week, will affect over 6,300 jobs primarily in silicon valley.

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. The number of people affected could be similar to or slightly higher than the 4,000 employees cisco laid off in february, and will likely be announced as early as.