Cisco

TechnologyAI-Cited Layoffs
United States2 layoff rounds tracked
8,450

Total Jobs Cut

February 2024

Most Recent

4,250

Largest Single Layoff

Yes

AI Cited

Layoff Timeline

February 2024

4,200 jobs cut(5% of workforce)
AI-CITED

Reason: Restructuring toward AI and security products

Source: Computerworld

February 2024

4,250 jobs cut(5% of workforce)

Reason: Shift from hardware to software and subscription model

Source: Crunchbase

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About Technology Layoffs

843,338

Total industry layoffs

39%

AI-cited events

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Other Technology Layoffs

Alibaba

1 round

50,000 jobs
Intel

1 round

33,900 jobs
Amazon

1 round

30,000 jobs
Oracle

1 round

30,000 jobs
Amazon

1 round

27,000 jobs

Sources

Computerworld

Restructuring toward AI and security products

Crunchbase

Shift from hardware to software and subscription model

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