Cisco Layoffs August 2024 News. A sign bearing the logo for communications and security tech giant cisco systems inc is seen outside one of its offices in san jose, california, u.s. Tech companies cut jobs at a rapid pace in august 2024 as more than 27,000 employees in over 40 companies, including big names like intel, ibm, and cisco, announced.

The tech industry continued its downward spiral in august 2024, with over 27,000 job cuts announced by 40+ companies. Cisco will cut thousands of jobs in a second round of layoffs this year, reuters reports, citing sources.