Cisco Layoffs 2024 Package 2024. Technology company cisco announced wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company. Cisco has started laying off thousands of employees about a month after announcing the second round of job cuts this year.

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. This latest round of cuts is expected to be formally announced on wednesday 14 august alongside cisco’s fourth quarter financial results.