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i didn’t expect that cisco’s layoff news in august would have new information in september!

image source: internet copyright belongs to the original author

as the world's leading network solution provider, cisco announced a second round of layoffs in august this year, cutting about 7% of its employees, which means a reduction of more than 5,600 jobs.

cisco has nearly 85,000 employees as of fiscal 2023, which ends in july of that year. previously, cisco laid off about 4,000 employees in february.

cisco will lay off nearly 10,000 employees in 2024.

image source: internet copyright belongs to the original author

on september 17, techcrunch reported new information about cisco layoffs.

cisco employees said the company refused to disclose who was affected by the layoffs until sept. 16. cisco did not give a reason for the month-long delay in notifying affected employees.

one employee told techcrunch at the time that cisco's workplace had become the "most toxic environment" they had ever worked in.

this kind of environment of waiting for layoffs is even more tormenting.

image source: internet copyright belongs to the original author

on september 20, ktvu reported that cisco would lay off 563 employees at its san jose headquarters and 134 employees in its san francisco office.

cisco said in its august statement that its second round of layoffs this year would allow the company to "invest in key growth opportunities and improve efficiencies."

that same day, cisco released its latest full-year earnings report, in which it said 2024 was its "second-strongest year on record," with annual revenue of nearly $54 billion.

image source: internet copyright belongs to the original author

cisco ceo chuck robbins' total executive compensation in 2023 is close to $32 million, according to cisco's filings.

a cisco spokesperson did not respond to a request for comment or say whether cisco's executive leadership team plans to reduce compensation packages following the layoffs.

this year, cisco is going to compete for the top spot among the companies with the most "toxic" layoffs!