Cisco said in its August statement that its second layoff of the year would allow the company to "invest in key growth opportunities and drive more efficiencies." On the same day, Cisco published its most recent full-year earnings report, in which the company said 2024 was its "second strongest year on record," citing close to $54 billion in annual revenue. Cisco chief executive Chuck Robbins made close to $32 million in total executive compensation during 2023, according to the company's filings. When reached by email, Cisco spokesperson Lindsay Ciulla did not provide comment, or say if Cisco's executive leadership team planned to reduce their compensation packages following the layoffs. Are you affected by the Cisco layoffs? Get in touch. You can contact this reporter on Signal and WhatsApp at +1 646-755-8849, or by email. You can send files and documents via SecureDrop.