Cisco Layoffs 2024. 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 rapidly growing areas in technology,. The company’s 2024 fiscal year wrapped up with $10.3 billion in profit.

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. Cisco had said in february it would cut 5% of its global workforce, or more than 4,000.