The layoffs juniper networks

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The second half of has been characterized by a series of tech layoffs as firms from small operations to multinational giants have laid off a significant number of employees. In fact, layoff tracking website Layoffs. And that number is likely to grow. Douglas Holtz-Eakin, the former director of the U.

The impact was first felt more in the cybersecurity sector than tech as a whole, with a host of startups and some mature cybersecurity companies undergoing layoffs in the last few months. But those initial layoffs have spread to other tech firms as soon as soon as the fall season set in. Mark Hatfield, a founder and general partner of Ten Eleven Ventures, in May told CRN that cybersecurity remains a solid long-term bet for investors, but acknowledged that cybersecurity startup valuations had reached their peak and have been falling.

The pullback comes amid uncertain economic times, with market gyrations, high inflation and predictions of a coming recession dominating recent headlines. CRN looked at the layoff activities of 23 IT tech companies in the second half of The focus of this look at the industry is on companies focused on building the hardware, software, tools, and services that power the IT industry or are used by IT professionals.

To review a sampling of the tech companies laying off workers in recent months, click through the slideshow. Fairfield all contributed to this article. Joseph F. Juniper Networks is laying off 6 percent of its global workforce, or roughly employees, as part of the broader restructuring and cost-cutting initiative being driven by new CEO Shaygan Kheradpir.

Juniper announced the job cuts in a filing with the U. Securities and Exchange Commission SEC this week, saying the cuts would take place immediately, with the bulk of them targeting "middle management" positions.

In addition to the layoffs, Juniper said it will stop developing the application delivery controller ADC technology it licensed from Riverbed in July Juniper said no revenue was being generating from its ADC line. Further restructuring and cost-cutting efforts will take place in the second quarter, Juniper said, including marketing program reductions. Juniper could not confirm by press time whether these marketing cuts would specifically impact the channel, but told CRN in an email statement that the company "remains percent committed to our partner strategy and will be doubling down with our partners worldwide with additional people, resources, and investments.

A sales executive from one Juniper Elite-level partner, however, said he fears that partner marketing dollars may be cut, especially given the inconsistencies he has seen recently in Juniper's MDF program.

I'm sure that they are going to [target] the MDF dollars that we get, that the channel gets, just because they are so inconsistent," the partner, who asked not to be named, told CRN. It just really seems to fluctuate. The partner did, however, welcome Juniper's decision to nix its ADC technology, and said he would support further cuts around Juniper's wireless and security portfolios.