400+ in CA gone, revenue up - what's the strategy, Cisco?

Just saw the news about another 400+ layoffs hitting California. This is the second time I'm seeing a report like this recently, and it always seems to come out right after they announce record revenue. I'm genuinely trying to understand the logic here. Are they streamlining, shifting focus, or is this just 'cost optimization' on steroids? Feels like the folks doing the actual work are always the ones paying the price, regardless of the company's financial health. Anyone else in CA feeling this disconnect? Wondering if it's specific teams or a broader organizational shift. Curious to hear perspectives from others impacted or who have insights into Cisco's strategy.