AI company to lay off more than 500 employees -- after boasting about 'strong' third quarter

Silicon Valley titans used ‘strong-arm tactics’ to get land for utopian city: local farmersSan Francisco’s $700-a-month ‘sleeping pods’ face crackdown from city inspectors: reportA tech company based in the San Francisco Bay Area bragged about its strong third-quarter results — only to announce that it was laying off hundreds of employees.

Informatica also crowed about the “industry recognition” it received from the likes of J.D. Power and others for its “outsanding customer service experience” as well as its “master data management.”Informatica, an AI data company based in Redwood City, Calif., announced last week that it was laying off more than 500 people — or 10% of its workforce.

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