Cisco Restructuring Layoffs 2024 India. Cisco announced plans to reduce its global workforce by 7% in a filing with the us securities and exchange commission (sec). In a bid to realign its focus and improve key areas, cisco has unveiled a substantial restructuring plan.
The number of people affected could be similar to or slightly higher than the 4,000 employees cisco laid off in february, and will likely be announced as early as. The restructuring plan, announced on wednesday, will result in a workforce reduction of approximately 5 per cent, affecting nearly 4,000 jobs out of cisco’s total employee count of around 85,000 as of.