Cisco Systems Layoffs 2024

Cisco Systems Layoffs 2024. The move follows other cutbacks among longtime silicon valley companies. Amd said on wednesday that it will lay off 4% of its global staff.

Cisco systems is laying off 7% of its workforce, the company announced in a filing with the securities and exchange commission on wednesday. Cisco systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that.