Are you ready to find out if you’ve been selected to stay on the island of misfits?? Juniper is waiting for the final regulatory approvals from the EU, UK, and US DOJ. There’s too much risk to the business (or what’s left of it) to lay off the thousands without all final regulatory approvals. There’s some layoffs this week but the rest will be decided as to whether you receive the “magical” offer letter from HPE. Thousands won’t be receiving an offer letter (sadly).
The leadership team is also putting all that PIP training to use so they can thin the heard. Wait!?!? Why isn’t CK on a PIP!? He hasn’t hit his number is 11 quarters! He’s taken a 5.7B dollar business down to 4.5b. What, instead of a PIP, he gets millions for a buyout. Sounds about right for a once unemployed lackey who became an overnight CRO, although he was the 4th choice after several other declined the job.