Soon after, Cisco restructured its consumer business, including shuttering its profitable Flip video camera unit, a move that cost about 550 jobs. In May, Cisco reorganized its sales, services and management units. Later that month, Chambers, while talking with journalists and analysts about the quarterly financial numbers, said more streamlining was needed, and that that would include job cuts. The reductions are part of a larger plan to save $1 billion in operating expenses this year.