Cisco's Second Layoff of 2024 Affects Thousands of Employees

U.S. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. From a report: The technology and networking company announced in August that it would reduce its headcount by 7%, or around 5,600 employees, following an earlier layoff in February, in which the company let go of about 4,000 employees. As TechCrunch previously reported, Cisco employees said that the company refused to say who was affected by the layoffs until September 16. Cisco did not give a reason for the month-long delay in notifying affected staff. One employee told TechCrunch at the time that Cisco's workplace had become the "most toxic environment" they had worked in. TechCrunch has learned that the layoffs also affect Talos Security, the company's threat intelligence and security research unit.

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