SF tech company laying off hundreds again

San Francisco-based tech firm Splunk is laying off hundreds of its employees in the second round of mass job cuts to affect the company this year.

Splunk CEO Gary Steele wrote in a Wednesday letter to employees, under the subject line"Transforming for Splunk’s Future," that the move to cut the jobs — most of which are based in the U.S. — had nothing to do with San Jose-based tech giant Cisco acquiring the company in September. It was instead a"continuation of the important initiatives" Splunk has enacted in the face of retraction and interminable unpredictability in the wider tech industry.

It’s unclear how many San Francisco Splunk employees will be impacted. The company had not filed a WARN notice in California as of press time.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Splunk to cut 7% of workforce, or about 500 employees, ahead of Cisco acquisitionCybersecurity firm Splunk will fire about 500 employees, CEO Gary Steele said, adding that it was not a result of the $28 billion Cisco deal.
Source: NBCLA - 🏆 319. / 59 Read more »

Bear Squeeze Remains in the Offing as Stocks ReboundStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Bear Squeeze Remains in the Offing as Stocks BounceStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Time to Book Profits as Market Rebound Could Face HeadwindsStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »