Tech

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.

source https://timesofindia.indiatimes.com/gadgets-news/juniper-networks-to-cut-more-than-400-jobs-globally-reveals-this-sec-filing/articleshow/104270039.cms