Cisco Job Cuts 2024. The restructuring plan, announced on wednesday, will affect approximately 5% of cisco's workforce, translating to around 4,000 job cuts, with an estimated cost of. Cisco systems says it is planning to lay off 7% of its employees.

The layoffs are part of the company’s plan to realign and invest in key priority areas. That’s its second round of job cuts this year as the company shifts its focus to more rapidly.