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In July 2020, the Forbes 2020 Global Brand Value 100 was released, and Cisco ranked 15th. On February 14, 2024, Cisco Systems announced plans to cut 5 percent of its workforce, or about 4,250 jobs, becoming the latest technology company to announce layoffs in 2024. The company’s shares fell as much as 9 percent after hours and are now down about 5.75 percent. On August 14, Cisco Systems will lay off about 7% of its global workforce.
