Juniper Networks, a US-based telecom gear maker, is planning to cut over 400 jobs globally as part of its restructuring plan. The company expects to incur a cost of $59 million for severance and termination expenses, as well as other restructuring costs. The layoffs are aimed at realigning resources and investments for long-term growth opportunities. Juniper reported a revenue of $1.43 billion in Q2, with its enterprise business accounting for over 45% of total revenue. However, due to uncertainties in customer deployments, the company is reducing its full-year revenue growth forecast.
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Juniper Networks to cut more than 400 jobs globally, reveals this SEC filing
Juniper Networks, a US-based telecom gear maker, is planning to cut over 400 jobs globally as part of its restructuring plan. The company expects to incur a cost of $59 million for severance and termination expenses, as well as other restructuring costs. The layoffs are aimed at realigning resources and investments for long-term growth opportunities. Juniper reported a revenue of $1.43 billion in Q2, with its enterprise business accounting for over 45% of total revenue. However, due to uncertainties in customer deployments, the company is reducing its full-year revenue growth forecast.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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