Crap. I have an interview with them this week.
If they were eliminating the position you’re interviewing for, they’d have cancelled the interview. Just because they’re dumping a wad of employees, doesn’t mean they’re not going to hire for new stuff. Cisco is still the 800lb gorilla in the network space, especially L3 switching and SAN, and they’re not likely to disappear anytime soon. Their UCS server systems are a significant competitor in the “cloud” arena.