Pluralsight: The practice of sacking employees by IT companies in India and overseas is still prevalent today. One after another, employees are being fired from the IT firm.
In this series, Pluralsight, a provider of online training for developers and IT professionals, announced the layoffs of roughly 400 people worldwide, or 20% of its workforce.
The Pluralsight company recently had a worth of over $1 billion.
What does the business claim?
The CEO of the company, Aaron Skonnard, reportedly informed his staff of this information by email. CEO Aaron Skonnard stated that he accepts full responsibility for this circumstance and his decision.
You are all aware of the difficult economic situation in which we are operating, he stated, in his letter. This has had a significant impact on our company’s performance.
I’m sorry we failed you during these trying times.
The CEO stated that during all-hands meetings later this week, executives will provide further information to the impacted staff. He stated, “I’m sorry this will affect many of you negatively; we’ve let you down during trying times.”
What a loss
Pluralsight, which was established in 2004 and recorded a net loss of $163.5 million in 2019 and $164 million in 2020, reported these figures in US SEC records.
Aaron Skonard stated that due to the unfortunate fact that these difficulties worsened in the fourth quarter, we are currently reorganizing and reducing the size of our workforce.
Our team members are being impacted to a degree of about 20%.
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