- Monday October 28, 2024 deal is inked and transmitted to SEC.
- Layoff Week of Monday October 21, 2024.
- JNPR Sales Mngmt will be made redundant with a 6 month walk off.
- RR will be in place for 9 months.
From consultants on acquisition file.
19 replies (most recent on top)
Having been acquired by large companies before... yes there will be immediate redundancies, and as a senior professional you should have an inkling if you may fall into the "overlap" category.
Also, the acquiring company will in many cases make you an offer that is a grade below what you had. Same bucks and benefits for a year, they said, but most likely a hit later unless you prove yourself invaluable all. over again.
Strap on your seat belts for a landing that probably will not be the smoothest for many without golden parachutes. As Earth Wind and Fire said... that's the way of the world...
there have been several people leaving, and supposedly it's by agreement if you're senior enough and your position seems to fall in the overlap category. naturally those people will have been looking for other opportunities.
far more telling is the fact that there have been several interesting organizational reshuffles.
There have been many quiet layoffs trickle through the last few weeks. Not masses of them though. Employee day one will surely notify many.
1-3 makes sense but 4 may be not. If that's the case why would he be getting 15M retention bonus for the first year with a package of 40M as part of the acquisition. HPE also made a public announcement that RR would lead the networking unit
inked date: 11 October, announcement: slightly earlier.
I would expect you accept the offer or be terminated immediately. Depending on the package being offered, in this market you may be better off accepting while you look for another job.
What will happen if you don't accept hpe offer letter? How much time you have to find another job yet stay on payroll?
Why bother keeping Juniper in the network at all? JunOS failed, Mist is cool but redundant.
| sales will be taken by HPE
HPE sales cannot just jump in and start selling Juniper products, especially on platforms where there is no overlap.
I'd expect AM's/SE's that are on or support Major Named accounts to remain in place for awhile, especially on Named accounts in Cloud / Federal / DoD, as not to rattle those customers too quickly and too soon.
Small sales or channel / partner groups, absolutely HPE could jump in and deal with sales as long as there are SE's to handle the technical side.
Engineering will be hit?
When will the shareholders paid?
When will the merger close? on 10/28?
That's the qualifications! Whereas your job in support or engineering will be moved to India for sustain, sales will be taken by HPE, and backoffice will be dumped.
I only hope that the bouncy cheerleader in North Carolina, SB, gets asked to leave sooner than later.
When the acquisition was announced, they said [quote] "combination is expected to achieve operating efficiencies and run-rate annual cost synergies of $450 million within 36 months post close", so the math is pretty simple. 1.5k to 2k people or so, I would estimate. Now it also sounds like they want to achieve that and perhaps some additional "synergies" pre-close with some JNPR trimming the week prior...
Offer letter to join HPE or remain part of has been communicated to be received between close day to 90 days. So roughly to mid-Jan in this scenario.
How many estimated layoffs? Any details what career level, region, teams?
Where in this timeline would employees receive offer letters to HPE? Assuming they aren't laid off
This is what I have heard as well.