Cisco Systems Layoffs 2024. Will lay off 350 employees in silicon valley next month, in the tech giant's latest round of job cuts. So far in 2024, 387 tech companies globally have laid 126,032 employees, according to job reduction tracker website layoffs.fyi.

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. Those companies include the likes.