Cyberpunk respec is done via a Progression Shard you can buy from ripperdocs called the Tabula E-Rasa. It costs 100,000 eurodollars though, and only lets you reallocate your perks, not skill points. So you can respec your characters to some degree, by redistributing your perks at least, but it's an expensive trick you're not likely to pull at a moments notice. If only because of that exorbitant cost. It's a bog deal then so let's look over the details more fully before you spend your in-game life saving and whether you actually need the Cyberpunk 2077 respec option at all.
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How the Cyberpunk 2077 respec system works
As we mentioned the Cyberpunk 2077 respec option uses a specific Progression Shard called the Tabula E-Rasa you can get from ripperdocs. It's description say that will "restore all spent perk points, allowing you to redistribute them". Your skill points are untouchable though, so you're stuck with whatever choices you made there. It also costs an weighty 100,000 eurodollars as well, which is not an amount you're every likely to have accidently lying around,
That price means this isn't an option you're every likely to bust out whenever you feel like a change, unfortunately. In all honesty that price means it's a goal you'll probably have to set your mind to as 100,000 eddies isn't really the sort of money you're likely to have lying around - you'll have to commit to saving up the cash. In my 60 odd hours of play I've averaged out holding around 40-50K cash at anyone time. Admittedly that's just from normal play, buying stuff, and I've not intentionally grinding for cash. But with all the decent cyberware upgrades nudging into the 25K plus area getting a respec means basically trying not to buy anything else , you'll have to really commit to not spending any cash elsewhere to secure one of these.
When you do have the money, buy the Tabula E-Rasa from any ripperdoc and it will instantly reset all your perks and give you the points you spent back re-use how you see fit.
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