Cisco Systems, Inc. Reportedly Plans to Lay Off 5,500 Employees
SOURCENews reportView the filing ↗
What we know
Location: global.
A specific layoff date has not been disclosed.
Based on news reporting.
Summary
Cisco announced a restructuring that will reduce its global workforce by 7%, equating to 5,500+ job losses, marking the company's second round of cuts in 2024 (following about 4,000 employees in February). The move is described by Cisco CFO Richard Scott Herren as an effort to find efficiencies and reallocate resources into faster growth areas such as AI, cloud, and cybersecurity. As part of the shift, Cisco will combine Webex with its networking and security businesses into one unit and place Jeetu Patel in an expanded product leadership role. The article links the announced cuts and strategic pivot to recent high-profile departures at Cisco Webex and explains that the company aims to integrate collaboration, networking, and security to drive future growth.
Cisco Systems, Inc. cut 5,500 jobs.
That is roughly 6.1% of the 90,400 people Cisco Systems, Inc. employs.
LayoffTalk has tracked 17 layoff events at Cisco Systems, Inc. since March 2023, including 3,341 jobs documented in official WARN filings, with 10 additional events known from news reporting.
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