Klara Michell

Cisco Layoff Rumors 2024. Cisco systems inc., the largest maker of networking equipment, plans to cut thousands of jobs after a slowdown in corporate tech spending wiped out its sales. That's its second round of job cuts this year as the company shifts its focus to more rapidly.

14, 2024, internet networking pioneer cisco systems announced that more than 4,000 employees are being laid off, joining the parade of technology companies in a trend. According to a techcrunch report, cisco is cutting around 5,600 jobs, or 7% of its workforce, as part of its ongoing effort to manage costs amid falling demand and to.