Layoffs At Cisco 2024. Cisco will cut thousands of jobs in a second round of layoffs this year as the u.s. According to data from layoffs.fyi, a staggering 130,482 employees across 397 companies have been laid off so far this year.

Net income fell to $2.63 billion, or 65 cents per share, from. Following the acquisition, cisco’s shares gained 4% in early trading on may 16, 2024, because of.