Cisco Layoffs 2024 Package. 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 economy that. 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 major round of layoffs.
The company is expected to make the official announcement in its upcoming quarterly earnings report, which is. The mass layoffs come on top of another round of cuts cisco made earlier this year:
