Cisco Systems has finally revealed the extent of its second round of mass layoffs this year, revealing the impact on its workforce in the Bay Area. The tech giant announced last month that it would cut 7% of its global workforce,

U.S. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The technology and networking company announced in August that it would reduce its headcount by 7%, or around 5,

Cisco, the US tech conglomerate, has announced a major round of layoffs amid declining demand and ramping up investments in artificial intelligence (AI). This latest round of job cuts follows a previous round earlier this year.

Cisco has reportedly laid off thousands of employees in its second round of job cuts for the year. The software company had announced it would reduce its head count by 7% or 5,600 employees in August.

Given that Cisco indicated in Aug 2024 that it intended to reduce staff but withheld information regarding which individuals and departments would be impacted, these recent layoffs are surprising

A report by TechCrunch, as mentioned by the news report, reveals that approximately 5,600 jobs, representing 7 per cent of Cisco’s workforce, are being laid off as part of the company’s ongoing cost-management efforts amid declining demand.

Cisco has begun laying off 5,600 employees, impacting 7% of its workforce. The restructuring aims to boost efficiency despite the company reporting strong 2024 earnings of nearly $54 billion.

US tech giant Cisco has laid off thousands of employees in what is reported to be the company's second major job cut this year. According to a TechCrunch report, Cisco is cutting around 5,600 jobs, or 7% of its workforce,