Not that it necessarily hurts your point, but your numbers are likely way off. The article doesn't say where the layoffs are coming from other than moving from

Not that it necessarily hurts your point, but your numbers are likely way off. The article doesn't say where the layoffs are coming from other than moving from hardware to software. I expect this means that they're firing some designers and largely manufacturing people, meaning the community most hit would be in Asia more than likely. Salaries there are a lot lower, so it wouldn't be as much of a gain for Cisco (though still the same kind of effect for the community effected). They also are probably shuttering some production facilities, which could save them a ton in capital costs, but again, could have a strong negative impact on the communities those buildings are in, depending on if someone else snaps them up.