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. The technology and networking company announced in august that it would reduce its headcount by.
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. Cisco systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more.