Cisco Layoffs October 2024 2024. The networking equipment giant has also revised its annual revenue. Some of the biggest firms fired thousands of employees this year, and the atrocities do not seem.

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 is reportedly planning a restructuring that will involve layoffs affecting “thousands” of employees.