Cisco Layoffs The Layoff. The fiscal 2024 plan will impact approximately 5% of our global workforce, with estimated pretax charges of approximately $800 million. In a bid to realign its focus and improve key areas, cisco has unveiled a substantial restructuring plan.

Axios announced on tuesday that it would lay off about 50 employees, or roughly 10 percent of the company. Intel, unacademy, and humble games among the hardest hit.