Cisco Systems to cut about 7% of staff in second round of layoffs

Cisco Systems, one of the largest makers of computer networking equipment, said Wednesday that it would cut 7% of its workforce in its second major round of layoffs this year.

The company did not say how many workers would be affected, but it reported it had 84,900 employees in July 2023, which would amount to around 6,000 jobs cut. In February, Cisco laid off 4,000 employees.