Cisco Systems Announces 7% Workforce Reduction

Cisco's Second Round of Layoffs

Cisco Systems, a leading player in the computer networking equipment industry, has announced its decision to cut approximately 7% of its workforce. This marks the company's second major round of layoffs this year. Although the exact number of affected employees was not disclosed, with a reported headcount of 84,900 in July 2023, this reduction could impact around 6,000 jobs.