Cisco Layoffs 2024. 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. 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 growth.
Cisco had said in february it would cut 5% of its global workforce, or more. Cisco shares jumped on thursday and were on pace for their best day since november 2020, after the networking company announced layoffs and an.