Cisco Systems Layoffs 2024. Layoffs in the tech sector accelerated this month as cisco and intel plan to lay off a combined total of nearly 21,000 employees. August 15, 2024 at 2:53 p.m.
Cisco’s own excitement for the ai era came through in an optimistic forecast for the first quarter of fiscal year 2025. The fiscal 2024 plan will impact approximately 5% of our global workforce, with estimated pretax charges of approximately $800 million.