Cisco Layoffs 2024 San Josef. Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to ai, cybersecurity. The company’s 2024 fiscal year wrapped up with $10.3 billion in profit.
Plans to eliminate thousands more jobs in a second round of layoffs this year, reuters reported, as the networking equipment maker shifts its focus to faster. Cisco evp and coo maria martinez is leaving on the heels of a companywide layoff notice impacting 5 percent of the global workforce, and as cisco’s pending $28 billion.
