Juniper Networks will lay off around 6% of its employees as part of the companys integrated operating plan (IOP). Some changes are also being made to the companys product portfolio.
The decision to axe 6% of the close to 9,400 workers is expected to result in charges of around $35 million (25 million) in the first fiscal quarter or 2014. The money represents severance and other expenses related to employee termination. Most of those who will be laid off occupy middle manag…
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