Juniper Networks to cut more than 400 jobs globally, reveals this SEC filing

The US-based telecom gear maker Juniper Networks plans to cut more than 400 jobs. These planned layoffs will be across the company’s locations globally. According to a statement, the company will be incurring a cost of $59 million as a result of these job cuts. Of this, severance and termination expenses will likely comprise $40 million. In addition, in a recent filing with the US Securities and Exchange Commission (SEC), Juniper expects to incur other restructuring and related costs of approximately $19 million.

What SEC filing says about job cuts
“The [plan] is the result of a thorough review of the Company’s business objectives, and is intended to focus on realigning resources and investments in long-term growth opportunities,” Juniper said in the filing.