Cisco Restructuring Layoffs 2024. Following significant workforce reductions in 2022 and 2023, this year. Cisco evp and coo maria martinez is leaving on the heels of a companywide layoff notice impacting 5 percent of the global workforce, and as cisco’s pending $28 billion.
Cisco will reportedly lay off around 4,000 employees in its second round of job cuts this year as the world’s largest networking company doubles down on artificial intelligence. Cisco’s widely publicized layoffs have affected over 9,000 workers this year—about 4,000 in a layoff of about 5% of the total employee population in.