Cisco Layoffs 2024 Package. 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 this year. After tech giant cisco announced plans for its second round of layoffs this year, employees tell techcrunch that they will not know if they are affected for close to a month.

In a recent disclosure by reuters, it has come to light that cisco is on the verge of implementing significant job reductions, with thousands of employees facing layoffs as part of a business reorganization effort in response to declining demand. Cisco in its second quarter filings announced a companywide layoff that would impact about 5 percent of its workforce, or about 4,250 employees, as it works to realign its organization to focus.