Tech Layoffs 2024: Salesforce-Backed Security Compliance Automation Firm Drata Cuts 9% of Workforce To Enhance Operational Efficiency
Salesforce-backed Drata security compliance automation firm laid off around 9% of its employees to enhance its operational efficiency despite reporting growth in FY24.
San Diego, September 27:슬롯 머신 사이트 추천Drata, a US-based security compliance automation platform, has슬롯 머신 사이트 추천laid off 9% of its workforce. The tech layoffs in 2024 have슬롯 머신 사이트 추천affected several businesses and allied services targeted towards cost-saving슬롯 머신 사이트 추천and restructuring슬롯 머신 사이트 추천their existing businesses. The슬롯 머신 사이트 추천job cuts have affected슬롯 머신 사이트 추천thousands of employees across the world. The Drata layoffs, announced to enhance operational efficiency and슬롯 머신 사이트 추천drive sustainable growth, have affected 40 people in슬롯 머신 사이트 추천the workforce.
TechCrunch슬롯 머신 사이트 추천 that Drata had witnessed impressive growth during the past seven months. The tech슬롯 머신 사이트 추천company achieved 100% year-on-year revenue growth in F24 and also confirmed that it would add 650 new customers each quarter. Compared to the previous year, the company had reportedly슬롯 머신 사이트 추천increased the number of employees by 52% in 2024 across seven countries.슬롯 머신 사이트 추천Disney Layoffs: The Walt Disney Company Lays Off Hundreds Corporate-Level Employees As Par of Cost-Cutting, Restructuring Business.
San Diego-based Drata increased its headcount as it acquired Harmonize in슬롯 머신 사이트 추천April and Oak9 after a month.슬롯 머신 사이트 추천The report mentioned that the슬롯 머신 사이트 추천tech company슬롯 머신 사이트 추천had grown too quickly, which was not good.슬롯 머신 사이트 추천In a statement, Drata said it would aim for "sustainable growth"슬롯 머신 사이트 추천as it laid off 9% of staff members.슬롯 머신 사이트 추천
The슬롯 머신 사이트 추천information슬롯 머신 사이트 추천about the Drata layoffs was shared by the company's director of communication, Sophia Hatef, in an email. She wrote that Drata had continued슬롯 머신 사이트 추천reporting extraordinary growth for nearly 3.5 years슬롯 머신 사이트 추천and "has refined its organizational structure, reducing its workforce by 9%,". Sophia Hatef also said in her email that the슬롯 머신 사이트 추천company thanked employees for their contributions.슬롯 머신 사이트 추천Luminar Layoffs: US-Based Self-Driving Tech Developer Cuts 30% of Its Workforce This Year Amid Restructuring and Cost-Saving.슬롯 머신 사이트 추천
Data, founded in 2020, integrates with clouds, SaaS apps, security systems and developer tools to help businesses collect information to ensure data privacy and security practices.슬롯 머신 사이트 추천In슬롯 머신 사이트 추천December 2022, Drata was successful in슬롯 머신 사이트 추천raising USD 300 million in funding, which made it a USD 2 billion company. The슬롯 머신 사이트 추천tech company is backed by 슬롯 머신 사이트 추천tech giants like Salesforce, Iconiq Growth, Microsoft CEO Satya Nadella and former LinkedIn CEO Jeff Weiner.
(The above story first appeared on LatestLY on Sep 27, 2024 12:17 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).