Juniper to cut 6 percent jobs

Reuters News
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Posted: Apr 02, 2014 5:38 PM

(Reuters) - Network gear maker Juniper Networks Inc said it plans to reduce its global workforce by 6 percent to streamline its business structure.

Juniper said it expected to incur cash charges of about $35 million in the first quarter, related to severance and other expenses. (http://link.reuters.com/hyr28v)

The company, which had 9,483 full-time employees as of December 31, said the job cuts would mostly impact middle management positions.

(Reporting By Sampad Patnaik in Bangalore; Editing by Don Sebastian)