Cisco Layoffs 2024 Severance Package Uk. In november 2022, cisco announced during an earnings call a restructuring that impacted roughly 5% of its workforce which lead to $600 million in severance and. The reported cisco layoffs first revealed last week were confirmed by the tech giant during the company’s q2 2024 earnings call led by.

Cisco is reportedly planning a restructuring that will involve layoffs affecting “thousands” of employees. Cisco systems inc., the largest maker of networking equipment, plans to cut thousands of jobs after a slowdown in corporate tech spending wiped out its sales growth.