Juniper Networks confirms 500 layoffs

Posted on Oct 4, 2012 in Business | 0 comments

U.S. computer network producer Juniper Networks confirmed it would lay off about 500 workers to reduce operating costs.

CRN.com reported Wednesday the layoffs amount to 5 percent of the company’s workforce.

The company said layoffs would be meted out across the company and “speculation that our workforce reductions are primarily affecting the QFabric team is inaccurate.”

QFabric is the company’s converged data center system, CRN.com said.

“Our actions to reduce operating expenses fall across our support functions. … They are being carefully planned and managed to maximize efficiencies in our cost structure while preserving the investments in innovation in our core businesses of data center, routing, switching and security,” the company spokesperson said.

Copyright 2012 by United Press International