Mountain View, California-based Confluent, a managed cloud-service provider for connecting and processing data between databases, has announced an 8% reduction in its workforce to improve the company's path to profitability.
The reduction in force will impact 220 employees, with separations being completed in the Second Quarter.
Co-founder and CEO Jay Kreps noted, "Due to economic uncertainty, it's taking longer for the company to close sales, so its growth is slowing. At the same time, it's under increasing pressure to stem its losses."
"To many, I'm sure this news comes as a shock, though those following the broader tech ecosystem closely may be less surprised. Ultimately, we had optimized some aspects of our operations for a very different world than we found ourselves operating in. The responsibility for that falls squarely on me."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?