Cisco Layoffs 2024 Rumors. Collaboration revenue remained flat at $1 billion. The mass layoffs announced wednesday in conjunction with cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900.
Plans to eliminate thousands more jobs in a second round of layoffs this year, reuters reported, as the networking equipment maker shifts. Security revenue surged 81% to $1.8 billion, but networking revenue slumped 28% to $6.8 billion.