CEO says company needs to make cuts despite profits Notworking giant Cisco has fired thousands of employees in its second layoff of 2024. The technology and networking company announced in August that it would reduce its headcount by seven per cent or more than 5,

These layoffs reflect a broader trend in the technology sector, where many firms are cutting jobs in response to economic pressures and reduced demand. In 2024 alone, over 136,000 employees across 422 tech companies have been affected by layoffs. Cisco, which employed roughly 85,000 people before these cuts, is among them, the report said.

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 is laying off more than 800 workers in the Bay Area, according to WARN documents. The layoffs will slam San Jose, Milpitas and San Francisco offices.

Cisco is planning to lay off around 7% of its workforce, marking its second major layoff this year. The company is facing declining demand and high costs as it invests in AI. The layoffs, expected to be announced next week,

Venerable tech giants Cisco and IBM are together laying off nearly 200 people in San Francisco as part of broader job cuts. By itself, San Jose-based Cisco is letting go 134 people in The City, a company representative said in a letter made public Thursday.

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,