Cisco Systems Layoffs 2024. The mass layoffs announced wednesday in conjunction with cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. All three have invested heavily in securing their roles in the ai industry.

Chuck robbins, the company’s chief executive, said cisco delivered a “strong close to fiscal 2024.” robbins made $31.8 million in total executive compensation during 2023, the company’s. 14, 2024, internet networking pioneer cisco systems announced that more than 4,000 employees are being laid off, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while serving as a sobering reminder job insecurity in the dawning age of artificial intelligence.