Enterasys Networks Inc. announced on Friday it is cutting 115 jobs. The struggling service provider hopes to reduce expenses, and says the reduced workforce will save the company $9.5 million.
"We remain focused on driving top-line growth through continued investment in our Secure Networks products and solutions,” says William K. O’Brien, CEO of Enterasys. “The reductions … are fully aligned with our growth and profitability strategies and were not undertaken as a response to the company's fourth-quarter or expected first-quarter results."
The company plans to announce its financial results during a conference call on Feb. 10.
