Cohesity cuts staff weeks after raising $250M at doubled valuation

Hybrid data management unicorn Cohesity Inc. cut its workforce on Thursday, just three weeks after more than doubling its valuation to $2.5 billion in a $250 million funding round.

A spokesman for the downtown San Jose-based company said the cuts were a "small percentage" of its workforce and "well under 100." The company said earlier this month that its ranks grew by about 300 employees in the past year to 1,300.

*Source: https://www.bizjournals.com/sanjose/news/2020/05/01/cohesity-job-cuts.html