I left Cisco about a year ago due to the uncertainty of employment with constant redundancies and the beyond low moral. However I have come to regret my move for two reasons.
Firstly outside of Cisco you have to work. There is none of this hiding, turning up to calls with 5 minutes prep beforehand and no one noticing. In other businesses you're expected to deliver.
Secondly I should have waited to be pushed and taken the redundancy package. With the annual redundancies common knowledge in the industry now, there is little shame in being one of the victims of it when going for other jobs. You will also get paid to leave.
My advice to anyone looking to leave and I know their are a lot of you as my new HR manager keeps asking me for an opinions every time a Cisco resume hits her desk, is to hold on for now, do as little as you can get away with and enjoy getting paid whilst you do nothing. Treat it like a paid career break and build your 1-2 year plan around being LR'd at some point, this way you are making it part of your plan and not an issue you have to adapt to if or when it happens.