- The layoffs took place earlier this week and impacted employees across departments, including tech, sales and product
- FarEye CEO Kushal Nahata cited macroeconomic headwinds for the layoffs and said the reduction in staff was necessary to align business strategy with market demand
- In June last year, the SaaS logistics startup, backed by Microsoft’s M12 Fund and Elevation Capital, had laid off around 250 employees
https://inc42.com/buzz/exclusive-microsoft-backed-fareye-fires-90-employees-in-second-round-of-layoffs-within-8-months/