San Ramon, California-based Five9, operator of a cloud-based customer engagement/call center, has announced a 7 reduction in its workforce.
The reduction in force will impact approximately 188 employees.
According to CEO Mike Burkland, 'Sadly, we have made the very difficult decision to say painful goodbyes to some of our team members. The workforce reduction plan is part of the Company’s broader efforts to drive balanced, profitable growth, further supporting our positive, long-term outlook and focus on increasing shareholder value.
Looking forward, Five9 is focused on driving shareholder value by increasing revenue, improving profitability, investing in our key strategic initiatives, and delivering for our customers. I have enormous confidence in Five9 and each of you as we continue to align and execute as one team.”
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. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?