Cisco To Lay Off 4,250 Employees

Cisco to Lay Off 4,250 Employees, Joining Tech Companies in Job Cuts

Cisco joins other tech companies that have recently announced thousands of layoffs.

San Jose, Calif. - Cisco, the American networking equipment company, announced plans to lay off 4,250 employees, following a solid second quarter. The layoffs represent about 5% of Cisco's global workforce.

Cisco's announcement comes after other tech companies, including Alphabet, Meta, and Amazon, have announced job cuts totaling tens of thousands of positions. The tech industry has been facing a downturn in recent months due to a combination of factors, including inflation, rising interest rates, and declining consumer spending.