Networking vendor Juniper Networks has confirmed that it will cut 500 jobs, a number that represents 5 percent of the company's entire workforce.
The company says the measure is being taken to ensure next year's cost cutting goals are met. A number of rumours have said that the cuts will mostly affect the QFabric team but the company has dismissed the speculation, calling it "inaccurate".
Contacted by Reseller News, Juniper Networks says it will not disclose what regions, if any outside the US, will be affected by the staff cuts.
“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. As a result of this important initiative, we are reducing our workforce by approximately 500 people in functions across the company. Our actions to reduce operating expenses fall across our support functions, including supply chain, procurement, SG&A, as well as R&D. They are being carefully planned and managed to maximise efficiencies in our cost structure while preserving the investments in innovation in our core businesses of data center, routing, switching and security,” said a Juniper Networks spokesperson.