Cisco Layoffs 2024 Severance Package. Cisco at the time said it expects to recognize about $800 million in charges associated with the restructuring, which was largely related to severance and other one. The technology and networking company announced in august.

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. I’m incredibly excited about this new company and the 5 months off (with a paycheck or severance for most of it) worked out perfectly for me.