Juniper Networks will cut 500 jobs next year as part of cost cutting measures but the company has yet to reveal which location will be affected.
Representing 5% of the vendor's global workforce, Juniper dismissed speculation that the cutbacks will primarily affect the QFabric team, branding the rumours "inaccurate."
“As we disclosed on our second quarter 2012 earnings conference call, Juniper is working to align its resources to improve productivity and effectiveness, enabling us to deliver our roadmap for innovation and unprecedented value to customers," a company spokesperson told Reseller News.
"As a result of this important initiative, we are reducing our workforce by approximately 500 people in functions across the company.
"Our actions to reduce operating expenses fall across our support functions, including supply chain, procurement, SG&A, as well as R&D.
"They are being carefully planned and managed to maximise efficiencies in our cost structure while preserving the investments in innovation in our core businesses of data center, routing, switching and security."
The cuts follows the appointment of Ken Lord as New Zealand’s Country Manager in early August as the company continues their growth across the country.