Cisco Layoffs 2024 Reddit News. The technology and networking company announced in august that it would reduce its headcount by 7%. Us tech giant cisco has laid off thousands of employees in what is reported to be the company’s second major job cut this year.
It is higher than normal at one time and there are more coming the next 3 quarters according to the earnings release. 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, such as artificial intelligence and cybersecurity.