Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with ...

Cisco Layoffs In 2024 In February, Cisco announced that it would conduct a companywide layoff round that would impact about 5 percent of its workforce, totaling about 4,250 employees.

This latest round of layoffs will affect at least 4,000 employees. The company is expected to make the official announcement in its upcoming quarterly earnings report, which is due tomorrow.

On the same day, Cisco published its most recent full-year earnings report, in which the company said 2024 was its “second strongest year on record,” citing close to $54 billion in annual revenue.

Cisco layoffs hit California workers Sept. 20, 2024: Cisco’s rolling layoffs are taking a toll on workers in California. ... Cisco asserts in its Global Networking Trends Report.