Cisco Restructuring Layoffs 2024. This latest round of layoffs will affect at least 4,000 employees. This latest round of cuts is expected to be formally announced on wednesday 14 august alongside cisco’s fourth quarter financial results.

Cisco will spend between $700 million and $800 million in the first quarter of its 2025 fiscal year. Cisco systems confirmed massive layoffs wednesday with plans to cut about 7 percent of its.