Thousands of Cisco employees will be affected by a new layoff round, which could be announced next week, according to a Reuters report. Cisco will reportedly lay off around 4,000 employees in its second round of job cuts this year as the world’s largest networking company doubles down on artificial intelligence.

Cisco To Lay Off Around 4,000 Employees: Report

Cisco is reportedly planning its second round of layoffs in 2024, this one likely to impact as many as 4,000 employees. According to Reuters, the networking is trying to aggressively diversify into other fields, including AI and cybersecurity. As part of that transition, the company is eliminating roles that do not align with its focus.

Cisco Prepares For Round Of Layoffs Impacting Thousands

New York Post

Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.

The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company’s fourth-quarter results, said the sources, who were not authorized to speak publicly.

Reuters exclusively reported the job cuts that San Jose, California-based Cisco announced in February, prior to the company announcing it.



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Serving tech enthusiasts for over 25 years. Why it matters: US tech giant Cisco is planning to cut thousands of workers in what will be its second round of layoffs this year. Reports state that slowing demand and shifting focus to growth areas, including AI, means 4,000 or more workers at the company could soon be out of a job.

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Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, according to people familiar with the matter. The number of people affected could be similar to or slightly higher than the previous layoff and will likely be announced as early as Wednesday alongside the company’s fourth-quarter results, said the sources, who were not authorized to speak publicly. Cisco laid off 4,000 employees in February.

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Cisco Systems is planning to lay off 7% of its employees, which amounts to approximately 5,900 jobs, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. It is the second round of job cuts this year for Cisco, a San...

Cisco plans layoffs for second time this year

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Cisco has confirmed major job cuts as the networking giant continues to address recent struggles and rising costs.The company has revealed 7% of its global workforce will be cut, equivalent to thousands of jobs, after sales and revenue fell once again.In its Q4 2024 results, Cisco revealed revenues of $13.6 billion, a decrease of 10% year on year, with total revenue for the whole 2024 financial year reaching $53.8 billion - a decrease of 6% year on year.
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Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to...

Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity

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