Jasmine Retrenches

SAN JOSE, Calif. -- Jasmine Networks, Inc., a maker of next generation optical switching platforms and services for the metro edge, today announced measures to restructure its organization, reduce expenses, and address the changing economic environment.

“We are taking these measures to respond to the overall market and slowdown in capital expenditures from our prospective customers. While we believe that the ultimate demand for our products remains strong, we expect that the sales cycles may be pushed out into the first half of 2002,” said Mouli Ramani, Vice President of Business Development.

The measures include a reduction in workforce and capital expenditures, as well as elimination or reduction of satellite offices. Overall, the measures will reduce the workforce by less than 25%. Many of the cuts resulted from the reductions at the company’s office in Richardson, Texas to only critical job functions. After the restructuring and consolidation, Jasmine Networks retains a healthy employee base of approximately 180 employees.

drone387 12/4/2012 | 8:39:00 PM
re: Jasmine Retrenches No mention of executive departures, CEO or VP of Engineering. No denial of rumors/reports that they left either. The quote wasn't from the CEO though. Hmmm ...
paulglen 12/4/2012 | 8:38:47 PM
re: Jasmine Retrenches If the company feels the need to put out a press release, the news cannot be too good. Many companies have adapted to the changing environment without engaging in layoffs and office closings. It sounds as if the company grew as fast as possible rather than in a controlled way, and that sales are not forthcoming in the near future. One has to wonder what kind of resources they have available at this point, and whether they can actually make it to sales without having to go looking for money, hat in hand...
waveform 12/4/2012 | 8:38:39 PM
re: Jasmine Retrenches ..."to only critical job functions"...

I would only imagine that saving Jasmine and Mouli's @ss 3/4's to a million dollars on web services can be considered as not a "critical job function". Maybe widespread mentality like that could be an additional reason for the current woes of the company.

Seems like just a few days before we were asked to leave they were calling meetings to inquire to those "uncritical" personnel on where their "product" would fit into the marketplace and what the selling points were. Then the very next day another meeting to come up with applications specifics for the deployment and utilization of their same "product".

(I see that those critical personnel asking all the questions are still there.....)

If we were so uncritically necessary, then why even ask us? Stand on your own two feet or call me a liar. Then again you know what? NO problem.
johnlipsius 12/4/2012 | 8:30:05 PM
re: Jasmine Retrenches

waveform 12/4/2012 | 8:27:46 PM
re: Jasmine Retrenches stu
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