Cisco Layoffs 2024 Reddit September. Cisco evp and coo maria martinez is leaving on the heels of a companywide layoff notice impacting 5 percent of the global workforce, and as cisco’s pending $28 billion acquisition of splunk. Cisco systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough.
Cisco’s business plan is to have 6 teams working on developing a new product independently. Cisco announced plans to cut 5% of its workforce on wednesday, a decision that will result in the elimination of about 4,250 jobs.
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