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Juniper's chief financial officer told a group of investors and technology analysts Tuesday that the company will finish a corporate restructuring designed to remove $150 million in expenses earlier than expected.
Robyn Denholm, Juniper executive vice president and CFO, told attendees at the Raymond James IT Supply Chain Conference in New York that Juniper has restructured the company with a "surgical focus," and that some of the more challenging moves -- including cutting 500 employees and removing management layers -- have been completed as of this month.
"We've talked about de-layering, and that's [included] a higher proportion than you'd think in the management layers of the company," Denholm said.
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Juniper has had a challenging year, with quarterly earnings shortfalls and ongoing questions about both its exposure to an unsteady service provider spending climate, and the market ramp-up of key products like QFabric, its converged infrastructure system. Juniper partners remain optimistic about the latter, contending it will take several quarters and longer sales cycles for Juniper's data center-flattening vision to resonate with customers.
