Overview

• CEO Chris Hyams announced the layoffs, emphasizing the need for a simpler organizational structure.
• The cuts will primarily affect U.S. employees, with a focus on research and development and go-to-market teams.
• This follows a larger 15% reduction in 2023 driven by cost-saving measures.
• Hyams assured that the decision-making process was objective, with no disproportionate impact on underrepresented groups.
• Impacted employees will receive increased separation packages, including severance and healthcare benefits.