Cisco Systems Layoffs 2024. Internet networking pioneer cisco systems is jettisoning more than 4,000 employees. In a recent disclosure by reuters, it has come to light that cisco is on the verge of implementing significant job reductions, with thousands of employees facing.

Cisco systems confirmed massive layoffs wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion. Internet networking pioneer cisco systems is jettisoning more than 4,000 employees.