Cisco Layoff Rumors 2024. Cisco systems inc., the largest maker of networking equipment, plans to cut thousands of jobs after a slowdown in corporate tech spending wiped out its sales growth. Cisco's software was garbage for decades before any of these things happened.

Is reducing its headcount by 7%, impacting around. Cisco systems, one of the largest makers of computer networking equipment, said on wednesday that it would cut 7 percent of its work force in its second major round of layoffs.