Cisco Layoff October 2024 Olympics. 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. Cisco in its second quarter filings announced a companywide layoff that would impact about 5 percent of its workforce, or about 4,250 employees, as it works to realign its.

Cisco announced on wednesday that it will be reducing its workforce as part of a restructuring plan. Cisco’s february layoff of about 4,000 employees should have left the vendor with about 80,000 employees, meaning a further 7 percent reduction could affect around 5,000 employees.