Cisco Systems CEO John Chambers promised major changes when he announced his restructuring plans. Cisco, maker of advanced networking equipment and phone systems, is cutting 6,500 jobs – 2,100 of those via a voluntary early retirement program.  These layoffs account for about nine percent of Cisco’s total workforce.

In addition, the company is selling a set-top box manufacturing facility in Juarez, Mexico. This sale includes the transfer of about 5,000 jobs effective in 2012.

Chambers’ goal in the restructuring is to reduce “bloating” and return to a focus on core products and services.