Based on news reporting.
Cisco Systems, Inc. has announced upcoming layoffs as its stock recently reached a record high. While specific details regarding the number of employees affected and the exact timeline for these layoffs have not been disclosed, the announcement comes amid broader industry trends of workforce reductions. The company is navigating a challenging economic landscape, which has prompted this decision. Stakeholders are closely monitoring the situation as Cisco prepares for these changes.
Cisco Systems, Inc. cut 4,000 jobs.
That is roughly 4.4% of the 90,400 people Cisco Systems, Inc. employs.
LayoffTalk has tracked 15 layoff events at Cisco Systems, Inc. since October 2023, affecting a combined 9,842 employees.
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Estimated figure based on news reporting. Not yet confirmed by Cisco Systems, Inc..
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