Juniper Networks, a US telecom gear manufacturer, is set to cut over 400 jobs globally as part of a comprehensive restructuring initiative. The company, facing uncertainties in customer deployments, foresees a $59 million cost for severance, termination expenses, and other restructuring costs. With a Q2 revenue of $1.43 billion, the enterprise business contributed over 45% to the total revenue. The layoffs aim to realign resources for long-term growth opportunities. The restructuring plan, outlined earlier this year, anticipates substantial completion of layoffs by Q1 2024. Juniper’s CEO, Rami Rahim, acknowledges challenges in cloud business but remains optimistic about improved profitability, committing to over 100 basis points of operating margin improvement in 2023.