"This is not any reflection of the strength of our business. We have the biggest opportunity in Pendo history ahead of us. We are setting ourselves up to move at a faster speed to capitalize on it," said CEO Todd Olson in a statement. "We've been in a process of 'refounding' Pendo over the past six months as the technology landscape has changed dramatically. We had many of the largest companies in the world here, and they consider Pendo mission-critical infrastructure as they build agents, build with agents, and change how they work with AI. These operational changes are necessary to help us move faster and meet the needs of these companies as they transform."
https://abc11.com/post/pendo-layoffs-ai-tech-firm-nc-announces-job-cuts-raleigh-part-company-wide-restructure/18857051/