Cisco Layoffs 2024. Mon 12 aug 2024 // 18:29 utc. Following the acquisition, cisco’s shares gained 4% in early trading on may 16, 2024, because of increased estimates of.

Earnings will be $3.68 to $3.74 a share, excluding some items. The mass layoffs announced wednesday in conjunction with cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900.