Posted on August 03, 2022
Seattle-based data storage provider Qumulo laid off about 80 employees Wednesday, or roughly 19% of its staff, in the latest round of job cuts affecting tech companies.
In a memo sent to employees and obtained by GeekWire, Qumulo CEO Bill Richter cited economic conditions and getting the company to profitability as reasons for the cuts.
Hundreds of tech companies are slashing staff amid inflation and the possibility of a recession. Venture capitalists are advising startups to cut expenses and extend their cash runways.
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