Cisco Systems Layoffs 2024 Dates. 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. Cisco systems ‘ plans for a restructuring cast a shadow on the strong gains the company reported in cybersecurity and software in its latest quarterly earnings.

Cisco (nasdaq:csco) layoffs are coming for employees of the internet communications company as it prepares for major job cuts in the near future. Cisco evp and coo maria martinez is leaving on the heels of a companywide layoff notice impacting 5 percent of the global workforce, and as cisco’s pending $28 billion acquisition of splunk.