Any updates on probability and timing since the EU regulatory approval?
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Hardware and networking jobs are still in demand. Not everything can be done by AI and ML, a lot of BS floating around by AI and ML teams.
Look at the hiring and number of jobs in Asia. They layoff here and hire in Asia.
Current Cold War has affected hiring in east europe. Jobs are being opened in Taiwan and India.
Layoff here and hire 3 in Asia. There are enough jobs in hardware and networking but not is USA.
There are many innovative companies who keep the top talent local and testing in California. One of them is apple. Rest of them outsourcing are struggling with poor talent in Asia. May be 30% are good there, rest 70% are ok.
Today ML said everyone but a few redundant execs would get an offer letter from HPE, and that close was as soon as October.
Well when it happens GTM, HR and Finance will be decimated that’s for sure. With Cisco laying off big chunks as well. A resume based on Networking Hardware Sales (and for all the AI and SW BS we are still a hardware company) is not an asset in the job market. We should all thank CK for sc--wing it up and making an eight figure sum at the same time. The only positive is working for HPE would be even worse. Reality is many of us will have to su-k it up take big pay cuts learn new skills. Like our own s* marketing time to get real
Aren’t we still on track 2 of the integration planning?
" Why spend all the money and fly to New York and ring bell at the NYSE ? They want a photo of JNPR at NYSE before it is taken over by HPE ? Bunch of drunk sailors enjoying and jumping off the JNPR ship to another ship (HPE). "
Well, what if I told you that the execs did a bunch of customer meetings there.
What if I told you that customers came on their own dime to see them.
It's no wonder you all are on here, you're searching for a clue...
Actual date is not controlled at this point by HPE or Juniper, it is up to the regulators to approve (which with USG could be Oct 1 or could be March '25). The backroom conversations on integration are likely happening around the clock and figuring out the 'back of the envelope' headcount is more than likely changing daily (based on things like sales, potential revenue that is in each stage, etc). If this is like any normal acquisition they will calculate final headcount very close to the end (when the regulators give them an actual date) and then Juniper will need to execute any layoffs a week or so before it is final (HPE will won't most of it completed before they absorb the Juniper). It is just the standard process to any acquisition of this size and scale.
I've never known JNPR to be quick. And HPE is not nimble. My money's on March 2025.
Hearing multiple times that end of September is it and that books will be closed October 1...
November is the news. But may slip to January.
Conversations are very advanced.
Clearly the overlaps are already in advanced discussion because some Director+ levels already left or are disengaging.
The SP products (PTX and MX) have no overlap but the question is how much growth HP sees there. PTX is a center piece for AI DC though.
Stuff like SDWAN or Switching or Broadcom based product lines will probably see big consolidation or partial selloffs?
The automation suites another big harmonization topic.
All speculation here... I left 2 years ago.
what I have heard is things are progressing very quickly and integration may happen as early as October. explains some of the sudden focus on KPIs on most teams to either show excellence or find escape goats.
Offer letters in the works, clearly not for everybody.
Why spend all the money and fly to New York and ring bell at the NYSE ? They want a photo of JNPR at NYSE before it is taken over by HPE ? Bunch of drunk sailors enjoying and jumping off the JNPR ship to another ship (HPE).
Layoff and LR a for the rest who are thrown off the ship.
Overcompensated for the poor management of a company.
JNPR is not a mist, it is a mirage in a desert.
Notice that CK wasn’t there? He is persona non grata it seems . Not at the all hands. Only a recording.
Juniper seriously needs to fire that fool and all the fools he hired. AND not give him is $12M acquisition money!
@2nev+1u6nNyCq why would they? how many acquisitions/mergers do you know that have been blocked recently? Can we please stop wishing a negative result for the sake of having a negative result?
Isn’t US DOJ investigating at the moment? What about China? China might probably step in near the last minute to block the deal.
If it doesn't work out, beware the long arm of HP. RIP Chamberlain and Ly--h.
Saw the Juniper leadership ringing the bell at NYSE today. Someone explain to me what the requirements are to open the market. I guess you don't have to be a growing company, creating incredible products and have ethical executive leadership. Then again Enron rang the bell 4 months before everything collapsed and Bernie Madoff was on the very same stage.
What's there to stop it? The only question is how much blood letting and when. I think JNPR will be the side that makes the cuts, and that the execs are being rewarded for meeting cost-saving targets, i.e., the more people and worse package, the greater their MBO. Notice how no one senior shows up for team and company events or looks you in the eye anymore? Guilt. But that won't stop a single one of them from going for their MBO. Corporations are indeed sociopathic, and they influence their leadership into that behavior as well. All this bleeds over general society.