Cisco Layoffs 2024 Rtp. The number of affected workers in the research triangle. The layoffs allow cisco to maintain focus on growth areas such as software, services, ai and cybersecurity, while balancing its financial obligations and reducing the.

Cisco will spend between $700 million and $800 million in the first quarter of its 2025 fiscal year. The mass layoffs announced wednesday in conjunction with cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900.