Cisco Layoffs 2024 Buyout. 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. Cisco systems, one of the largest makers of computer networking equipment, said on wednesday that it would cut 7 percent of its work force in its second.

Cisco systems, one of the largest makers of computer networking equipment, said on wednesday that it would cut 7 percent of its work force in its second. Cisco will reportedly eliminate 4000 jobs in a second round of layoffs this year, as it moves its focus to areas such as cybersecurity and artificial intelligence.