Cisco Restructuring Layoffs 2024. In its q2 2024 earnings. Cisco systems inc., the largest maker of networking equipment, plans to cut thousands of jobs after a slowdown in corporate tech spending wiped out its sales.

A pending wave of layoffs at cisco points toward a new trend of workforce “rebalancing” as big tech firms look to contend with rapidly changing skills requirements,. Cisco systems plans to cut about 5% of its workforce as part of a restructuring plan to realign its business and enable further investment in key areas.