Cisco Layoffs August 2024. This latest round of cuts is expected to be formally announced on wednesday 14 august alongside cisco’s fourth quarter financial results. Cisco will spend between $700 million and $800 million in the first quarter of its 2025 fiscal year.
The layoffs, which are the company’s second round of job cuts this year, are part of a restructuring plan that will result in about $1 billion of pretax charges. The news, which confirms reports from just a few days ago, is the second round of major layoffs at cisco in 2024 as the company aims to improve efficiency and.