Cisco Layoffs In 2024. 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. In february, cisco announced that it would conduct a companywide layoff round that would impact about 5 percent of its workforce, totaling about 4,250 employees.

The mass layoffs announced wednesday in conjunction with cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Cisco announced the layoffs along with its earnings for its fiscal 2024 on wednesday.