Cisco Layoffs

About

In September 2024, U.S. tech and networking giant Cisco conducted its second major layoff of the year, affecting thousands of employees. This followed an announcement in August that the company would reduce its global workforce by 7%, equating to approximately 5,600 employees, as part of a restructuring effort to invest in key growth areas and improve efficiency. This round came after an earlier layoff in February 2024 that cut about 4,000 jobs. The cuts impacted various units, including the Talos Security threat intelligence team. Notably, the layoffs were implemented despite Cisco reporting nearly $54 billion in annual revenue for 2024, which it described as its second strongest year on record. The company faced internal criticism for a month-long delay in notifying affected staff and for workplace culture concerns raised by employees.

Source

Related Events

More Infrastructure Layoffs