Cisco Systems—Laid off over 9,000 employees (12% of workforce) in 2024
Cisco laid off over 9,000 workers in 2024: ~4,000 in February (5%) and another 5,600 in September (7%). Total cost was nearly $2 billion. Employees reported the company refused to say who was affected until September 16, over a month after the August announcement. Meanwhile, CEO Robbins' compensation rose to $38.2 million in 2024, with a 267-to-1 pay ratio.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.885 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)
Evidence (1 signal)
Laid off over 9,000 employees (12% of workforce) in 2024
Cisco laid off over 9,000 workers in 2024: ~4,000 in February (5%) and another 5,600 in September (7%). Total cost was nearly $2 billion. Employees reported the company refused to say who was affected until September 16, over a month after the August announcement. Meanwhile, CEO Robbins' compensation rose to $38.2 million in 2024, with a 267-to-1 pay ratio.