Layoff number was below 5%, so that they don't have to report. Some very good employees including long timers were let go. My group including me, were impacted and the severance package was just average. They even stiffed us out of our entitled bonus. The inside rumor is that they plan to jettison off majority of the work in some groups like Finance, IT, MFG to India this year and layoff the US based employees. Engineering will be next. The layoffs only impacted US employees. No one in India was touched, including non performers.
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A quick recap: The founder member CTO PS is gone. RS SVP, SE has stepped aside for a 1 year sabbatical to Stanford. SVP Engg has moved to Cisco. SVP EMEA theater resigned last Dec. Several Director, Sr. Director, VP level people are gone - either resigned or got laid off. Not sure about US, but in EMEA they have promoted some people to plug holes whose only major activity has been to hang from coat-tails of management and kiss a$$ for years. Horrible man-managers on ego trip are driving away whoever were left with any professional self-respect - myself included. I am still at Juniper but hopefully not for much longer. Opex is going down, management is being streamlined. Product development cycles are getting longer and longer. I shall not be surprised if the company is aligning for a sale or going private. Let us not forget that two people from activist hedge fund Elliott Management is in Juniper's board (even though Elliott reduced their stock ownership from 6% to 4.5%) and they are the ones who had pushed for sale of pulse and pink slips of over 600 people in 2014. They also want JNPR to sell. The QoQ hits at Wall St. will be difficult to sustain remaining independent for too long.
I heard from many sources that more layoffs are coming, within the next three months - in Marketing, Operations and Engineering. One even mentioned some of these will be targeting the reults of HR investigations of JD's stiff arm promotions. It's going to get ugly, but a cleanup is neccesary.
I don't think so. From what I know and have seen, they intend to push through as a standalone company. Also stock price is high, for either of it to happen. They got rid of JD which was great. PS was also not adding value and was like a relic of the past. Times and technology have changed.
Is the company being positioned to go private or be bought out ?
Engineering head, JD, is heading to Cisco: http://blogs.cisco.com/sp/networking-industry-leader-joins-our-service-provider-networking-team .
Someone had posted the number of employees let go this time was 9-10%. Is tha true?
Rumour is, there will be more layoffs coming. Possibly at the end of next quarter? Many have commented there are expendable VPs and Directors. Hopefully they will get cleaned out next time right? Question is, how do they get to survive like c---roaches after repeated mistakes QoQ? Who is monitoring them and making them accountable? We can hope, now that JD is gone, all his buddies will get booted.
All indian management loves to outsource. Bangalore division has more employees than all USA employees combined. Not a merit based organization either.
I used to work in Finance and left last year. I agree regarding the comments on the controller. The VP was an absolute schadenfreude. Heard from a person who was let go last week, that he laid off an entire enablement group that was actually doing the work. Plan is to move the work to Bangalore and may be hire junior people here. Once they are up to speed, the fate of the others is sealed. They did a big layoff in EU a few years ago and also moved the work to Bangalore. Don't quite understand why they have still kept that guy.
99 in sunnyvale
http://www.edd.ca.gov/jobs_and_training/warn/WARN-Report-for-7-1-2016-to-03-10-2017.pdf
Is their Engineering head heading to Cisco ?
Here's the Reuters article that talks about the recent layoffs.
http://finance.yahoo.com/news/juniper-networks-quietly-did-another-012307738.html;_ylt=AwrSbDc82cJYcjoAdc5XNyoA;_ylu=X3oDMTEyNWM0b2ZkBGNvbG8DZ3ExBHBvcwMyBHZ0aWQDQjMzODRfMQRzZWMDc2M-
Was at Cisco and layoffs were a normal occurrence. We used to have more than couple of rounds per year. Joined Netapp recently and we had a layoff this week. Not sure if economy is really improving or is it the start of another bubble.
Do you know if they laid off anyone in their I.T group ? I used to work there some years ago and was laid off. The VP used to come from Bangalore and lay off his US workers. Everyone used to be really anxious if he came out of cycle.
This round they seemed to have targeted Directors and above. Message to remaining employees is, don't ask for promotions or next time it might be you. They are also letting go of senior employees and hiring junior people and college grads.
I was assigned a manager in EMEA this year who can barely speak in English, and incapable of constructing a single sentence in proper professional manner in an email. Rudeness, attempted bullying in a closed room one-to-one where there are no witnesses etc. seem to have become the standards all of a sudden. My ex-manager and a plethora of very well-respected leaders left the company in EMEA December 2016. They must have seen what was coming. They are being sorely missed. I am updating my CV as well before the next axe comes down and I am shown the door because someone who has been here for a decade needs to be promoted because he has ki$$ed enough backsides. Not waiting around for that to happen.
Actually that is not strictly true. groups outside of US were impacted. Some very senior people and some not so senior were let go in EMEA (where I work) and a few in APAC as well. I know some of them. Sad. Does not do a lot of good for the morale of us who were left behind.
What happened to America First ? Are they outsourcing again ? Report them to Trump. He will fix them.
Sorry to hear that. My neighbor worked there in finance and was very happy to get out from there. Doesn't have to deal with the whiny controller anymore and said it was a total nightmare working for him. All the best to you.