Juniper networks 2017 layoffs

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Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link. This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Sign up for notifications from Insider! Stay up to date with what you want to know. Additional comments. Email optional. Receive a selection of our best stories daily based on your reading preferences. We believe this action was necessary to allow us to prioritize our continued investments in the most critical areas that we believe will drive our business both in the short-term and future.

It agreed to let Elliot appoint two board members and since then, it looked as if things were getting better for the company, with a fairly steady stream of meets and beats on its quarterly earnings. But during its last quarterly report, announced in January, Juniper's guidance on profits was soft and employees have been bracing for cuts for months, we understand.

Times Internet Limited. All rights reserved. For reprint rights. Times Syndication Service. Home Notifications Newsletters Next Share. Business Tech Markets Reviews. Juniper Networks quietly did another lay off this week Advertisement. Julie Bort. Event Alert.

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US Markets Loading H M S In the news. Julie Bort. Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in".

LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link. This story is available exclusively to Insider subscribers. Become an Insider and start reading now. When the company exited , it had 9, full-time employees, according to a filing with the Securities and Exchange Commission.

The Sunnyvale, Calif. Restructuring Drivers Juniper is instituting the restructuring as it faces pressure from shareholder activists Jana Partners and Elliott Management, notes Business Insider.

The shareholders are apparently angling to get more performance and a better stock price out of the company. Also, Elliott will make two recommendations for new board members, says Business Insider. This will also result in streamlining its operations and business portfolio… Juniper's refocused strategy and optimized One-Juniper company structure will result in a substantial structural reduction to the cost base and significantly increased operating margin profile through highly detailed and executable actions with directed accountability.

Juniper will provide updates on the restructuring process on a quarterly basis. The company plans to release its first quarter results on April 22 and will hold a conference call with analysts and shareholders.

That may be the time to tune in on its job cuts.

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