It's CLEAR the PRIVATE sector and CAPILAISM is disappearing in the U.S.. CISCO is making plans to make money elsewhere. The Bahamas and Sweden and were they are lining up.
My job at Cisco has been relocated to India. About half of the jobs in my (former) group that were "impacted" have been moved there.
Moving to India was an exciting idea for me and solved certain problems, but I was not given that option. I have to apply for my job just like everyone else.
And to clarify someone else's absurd comment - nearly everyone on the floor of the building I worked in was laid off and no one I knew there was an Obama-ite.