Cisco Layoffs 2024 Severance Package. They will provide you some money for cobra coverage for that period. It’s estimated that the company’s last round of cuts cost around $800 million in severance and termination benefits.

Cisco systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough. 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.