AM I NEXT? NO LOVE AT CONFLUENT

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?

AM I NEXT? NO LOVE AT INFORMATICA (11/08/23)

NOVEMBER 8, 2023 — 10% OF WORKFORCE TARGETED

The company announced plans to lay off 10% of its workforce, or around 545 employees, to align its cost structure with its business strategy.

Today, the Company announced a plan to reduce its workforce by approximately 545 employees, representing 10% of the Company’s current global workforce, and to reduce its global real estate footprint. The November Plan is intended to further streamline the Company’s cost structure as a direct result of its cloud-only, consumption-driven strategy announced in January 2023.

The increased focus and simplicity of the CoCd strategy enable the Company to deliver continued AI-powered product innovation and strong Cloud Subscription ARR growth with a lower expense base and higher operating margins.

Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process beyond the first quarter of 2024 in limited cases. The charges that the Company expects to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses may differ materially from such estimates.

In January, we transitioned to a cloud-only, consumption-driven strategy, which is the final leg of our multi-year plan to drive profitable growth. We’ve already seen significant benefits of these initiatives undertaken throughout this year, including the strong momentum and execution reflected in today’s earnings results. Our next phase of growth allows us to further streamline our global cost structure without reducing our growth expectations. We intend to finish our transition to a cloud-only business model while maintaining sales capacity, best-in-class product innovation, and customer satisfaction. We have strong momentum heading into the fourth quarter and look forward to sharing more about our strategy at Investor Day.”

JANUARY 30, 2023 — Original post…

Redwood City, California-based Informatica, a software development company providing enterprise-level cloud data management, integration, and analysis services, has announced a change in leadership along with a 7% reduction in force.

The reduction in force will impact 450 employees.

According to an SEC filing, "The reduction is intended to better align the company’s global workforce and cost base with its cloud-focused strategic priorities and current business needs."

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?

AM I NEXT? NO LOVE AT DOCUSIGN (02/06/24)

FEBRUARY 6, 2024 — 6% REDUCTION IN THE WORKFORCE, 480 EMPLOYEES

DocuSign announced a restructuring plan designed to strengthen and support the Company's financial and operational efficiency while continuing to invest in product and related initiatives that will provide the foundation to realize its multi-year growth aspirations as an independent public company.

As part of the Restructuring Plan, the Company expects it will restructure and reduce its current workforce by approximately 6%, with the majority of impacted positions in the Company's Sales & Marketing organizations. And that the execution of the Restructuring Plan will be substantially complete by the end of the second quarter of fiscal 2025.

FEBRUARY 18, 2023 — 10% REDUCTION IN THE WORKFORCE, ABOUT 700 EMPLOYEES

According to DocuSign's latest Securities and Exchange Commission filing, “On February 16, 2023, DocuSign announced a restructuring plan that is designed to support the Company’s growth, scale, and profitability objectives. As part of the Restructuring Plan, the Company expects it will restructure and reduce its current workforce by approximately 10%, primarily in the Company’s worldwide field organization.”

OCTOBER 10, 2022 — Original post…

San Francisco, California-based DocuSign, a technology company providing a cloud-based platform to facilitate electronic signatures, has announced a major restructuring, including a new Chief Executive Officer, with the initiative largely complete by the end of the fiscal year 2023.

The restructuring will impact 9% of the company's workforce, an estimated 670 employees.

According to DocuSign's latest Securities and Exchange Commission filing, "On September 26, 2022, the Board of Directors of DocuSign, Inc authorized a restructuring that is designed to improve operating margin and support the Company’s growth, scale, and profitability objectives. As part of the Restructuring Plan, the Company expects it will restructure and reduce the current workforce by approximately 9%."

Like many companies that experienced rapid growth due to the impacts of the COVID pandemic and the necessity to curb travel and exposure to outside individuals, there will be a period of realignment to match personnel with the current slowing economy.

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?