https://www.eastbaytimes.com/2022/11/16/cisco-restructure-job-cut-severance-real-estate-san-jose-tech/

SAN JOSE — Cisco, a San Jose tech stalwart, revealed Wednesday it is eyeing terminations and severances to help “rebalance” its workforce, a potentially wrenching plan that includes shedding real estate.

The networking giant didn’t specifically state whether or when it would eliminate jobs as part of the rebalancing quest. But the company did disclose in a regulatory filing with the Securities and Exchange Commission that it would incur hundreds of millions of dollars in charges to cover the cost of the restructuring of the company.