Cisco Layoffs 2024 Severance Package. “have you heard anything about potential cisco layoffs? Cisco layoffs will impact 5% of its workforce, or more than 4,000 employees, during its current quarter as part of a restructuring plan.

Cisco in its second quarter filings announced a companywide layoff that would impact about 5 percent of its workforce, or about 4,250 employees, as it works to. The 4 months of severance, the grossed up cobra payments, and additional weeks of severance based on years of service are all dependent upon you signing the agreement not to sue, which is cisco’s way of bribing you by being pretty.