Taking the short-term view can sacrifice the long-term. Replacing older, more expensive workers is great in the short-term. But hiring younger, less experienced workers who don't have the internal corporate "tribal knowledge" on how to get things done only slows down progress.
Keeping lazy, do-the-bare-minimum workers who are less expensive is bad for the long-term. I'm not saying that all the younger, less experienced workers are dead wood, but Cisco needs to get rid of the dead wood.
If you don't produce, you need to be removed. Let those who are willing to work productively get things done without having to fix the mistakes the dead wood makes and Cisco can start making progress & profits again.
Cisco also needs to get rid of the members of the ELT and upper management who are taking the short-sighted easy ways out to profits and ignoring the long-term impacts that are killing what was once a great company. I really miss the "Cisco culture". I"m not willing to call it family, not when Director level management turned a blind eye to middle managers railroading people who work hard, but don't necessarily s--- up to make the manager look good get suddenly put in the bottom 5% and terminated.