"This has become the most toxic environment I've ever worked in, and the mood as evidenced by comments on internal platforms is as dark as I've ever seen it. I'm only waiting until my next big RSU vest to leave, and I know others are too. Two layoffs of this magnitude in the same calendar year is beyond the pale."
Another employee stated, "Cisco need to stop layoffs every year and work on innovation and getting more revenue." This emphasizes the sentiment among staff that constant layoffs hinder the company's growth and stability.
Chuck Robbins, the company's CEO, claimed Cisco delivered a "strong close to fiscal 2024," even as the company faced layoffs and declining revenues.
Cisco is cutting 7% of its workforce, with layoffs impacting approximately 4,000 workers earlier this year, reflecting significant challenges faced in maintaining profitability.
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