Age discrimination is common in high tech industry. If you are 50 or above, you have to prove that you are good and why you are qualified for the senior position and pay. Cisco reinvent itself through acquisition since the early day. Reinvent inside is sort of incremental thing, it only works for existing products. Take a look of Cisco internal award, it is a joke with tons of cheerleaders. It is the reason why Cisco cloud fails in the past.. It doesn't have the right talents to build it. What Cisco should do is a deep cleanup and rehire the right talents. A small 9% cut is not enough. It should be 30% and more, especially the management layers. Too many VP will only create more politics, it won't help the customer or generate more revenue. Transition or transformation of Cisco is painful, just like cancer cell, you better do a one deep cleaning, cut it many times won't work.
A good post from @5ixbd+1255awgi.