Cisco Layoffs 2024 Rtp. Cisco shares dipped 5.7 percent in after hours trading, at $47.40 after closing at $50.28. The company joins a flood of big tech firms cutting tens of thousands of jobs in 2024, from meta.
In a recent disclosure by reuters, it has come to light that cisco is on the verge of implementing significant job reductions, with thousands of employees facing. On wednesday, cisco announced it will lay off around 7% of its global workforce in a move that will impact several thousand employees.