& cplSiteName &

Juniper Laying Off 500

Craig Matsumoto
9/28/2012
50%
50%

Juniper Networks Inc. (NYSE: JNPR) is laying off about 500 employees, many of them reportedly from the QFabric product lines.

The news was reported by TechTarget on Friday morning and is being confirmed by Juniper in the form of a press statement:

    As we disclosed on our second quarter 2012 earnings conference call, Juniper is working to align its resources to improve productivity and effectiveness, enabling us to deliver our roadmap for innovation and unprecedented value to customers and shareholders. As a result of this important initiative, we are reducing our workforce by approximately 500 people in functions across the Company.


TechTarget cites sources saying that QFabric, specifically, is going to get hit. Juniper has been announcing customers for the technology, but most of them are only using the top-of-rack switch rather than the actual fabric -- the cool part.

Juniper ended the June quarter with 9,373 employees, so the cuts amount to about 5 percent of the company.

Why this matters
The bloom is off the rose at Juniper. Kevin Johnson came in as CEO with ambitions to strengthen the company's software side -- presaging the industry-wide software-defined networking (SDN) craze -- and with Juniper on the brink of several big product launches.

Of those, MobileNext, a 4G evolved packet core, is looking like a dud, and QFabric, while gaining some customers, hasn't excited analysts with its progress so far.

Juniper's stock price is down about 9 percent compared with a year ago; by contrast, the Nasdaq composite is up about 25 percent.

Juniper shares were down 56 cents (3%) at $17.11 on Friday.

For more

— Craig Matsumoto, Managing Editor, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading founder Steve Saunders grills Cisco's Roland Acra on how he's bringing automation to life inside the data center.
Flash Poll
Upcoming Live Events
March 20-22, 2018, Denver Marriott Tech Center
March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
September 25-27, 2018, Denver, Colorado
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Trump Says Foxconn Will Make iPhones in US
Dan Jones, Mobile Editor, 1/15/2018
Net Neutrality Moves Are as Futile as Trump's Comb-Over
Iain Morris, News Editor, 1/18/2018
Huawei, ZTE Face US Federal Ban
Iain Morris, News Editor, 1/15/2018
Analyst: Verizon's Fixed 5G Is a Loss Leader for Mobile
Dan Jones, Mobile Editor, 1/16/2018
Ericsson Lurches to $1.8B Write-Down
Iain Morris, News Editor, 1/16/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed