Cisco Layoffs In 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 growth. 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.
The purge follows cisco’s late 2022 cutbacks. The mass layoffs announced wednesday in conjunction with cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900.
