The 'rebalancing' means moving jobs to India and, to a lesser extent, China. The real estate shrinkage in San Jose and Raleigh are testament to that, since the number of employees will be back to the pre-announcement level in a few months but few in the US. This pattern has repeated several times over the last 14 years. When asked directly, the senior executives obfuscate and bloviate. Unless Cisco ends up with Asian Chairman, CEO, and executives it will be the modern version of the mercantile colony. Where the power and profits are held by a very well paid diverse and inclusive executive team and board in the US, served by a mainly Indian team of workers. This will solve the H1B visa problem though. I have never understood why corporate tech giants with campuses in Asia need any H1B visas at all.
The supporting data can be found by looking in the directory tool and filtering by location and blue and red badged employees. It paints quite a picture!
Well said, @1wxvs+1iD0up6n.