Cisco Restructuring Layoffs 2024 Dates. Cisco’s layoffs come amid a flurry of similar announcements from large tech firms, signaling the sector is adjusting to shifting economic conditions and an evolving workforce. Cisco layoffs will impact 5% of its workforce, or more than 4,000 employees, during its current quarter as part of a restructuring plan.
These layoffs reflect a broader trend in the technology sector, where many firms are cutting jobs in response to economic pressures and reduced demand. In 2024 alone, over 136,000.