Cisco Restructuring Layoffs 2024 Pdf. According to a cisco report on fourth quarter and fiscal year 2024 earnings, the company earned a revenue of $13.6 billion while intel’s report on second. 11,011 employees laid off — see all may.

These layoffs reflect a broader trend in the technology sector, where many firms are cutting jobs in response to economic pressures and reduced demand. Regulatory filings with state and local governments now show that over 800 bay area employees will be hit by these layoffs.