San Jose, California-based Zscaler, a cloud security company offering cloud migration services, has announced a 3% reduction in its workforce.
The reduction in force will impact 177 employees.
According to CFO Remo Canessa, “The recurring nature of our business model gives us good visibility on top-line revenue and allows us to adapt quickly to changes in market conditions to deliver on our operating profit and margin goals. If the environment becomes more challenging, we will continue to prioritize profitability, leveraging our strong unit economics and driving efficiencies in our cost structure.”
“We will continue to hire the best candidates in high-priority areas. Zscaler expects its global workforce reduction to be substantially complete by the end of July, but Canessa hinted at the possibility of more layoffs later in the year."
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?